Person Winner Alcohol Consumption 1 No 3.9 2 Yes 9.0 3 No 2.1 4 Yes 6.8 5 No 3 6 Yes 7.5 Suppose you are interested in running the a regression for the effect of winning the lottery on alcohol consumption. Your only regressor in the regression is a dummy variable for winning the lottery. What is the coefficient on the dummy variable for winning the lottery?

Person Winner Alcohol Consumption 1 No 3.9 2 Yes 9.0 3 No 2.1 4 Yes 6.8 5 No 3 6 Yes 7.5 Suppose you are interested in running the a regression for the effect of winning the lottery on alcohol consumption. Your only regressor in the regression is a dummy variable for winning the lottery. What is the coefficient on the dummy variable for winning the lottery?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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