Consider a simple OLS model that regresses college GPA (gpa) on high school GPA (hsgpa) andparental income (pincome, in $1000 per month).gpa = B1 + B₂hsgpa + B3pincome + e.Empirical estimation using observations generates the following STATA output.SourceModelResidualTotalgpahsgpapincome_consSS1273.27041671.879965Coef.dfStd. Err..6866603 .0103571.3033177 .0066108-.6697239.0358777O [0.290360532, 0.316274868]O [0.2967069, 0.3099285]O [0.292442934, 0.314185466]O [-0.012957168, 0.012957168]MStConstruct the 95% confidence interval for parental income.Number of obsF(2, 3997)Prob > FR-squaredAdj R-squaredRoot MSEP>|t|====4,000[95% Conf. Interval]

Solution: Given information: n= 400 observation k= 2 independent variables

Answered: parental income (pincome, in $1000 per…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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