Q1a) Consider the following data on hourly wage rates (Y), labour productivity (Xi) andliteracy rate (X2) in a country ABV:Y 90 72 54 42 30 12XI 3 5 6 8 12 1416 10 7 4X2 3 2Calculate the estimators of the regression Y; = ß1 + B2X2i + B3X3¡ + HiTest the hypothesis B2 = 0 against the alternative ß2 > 0 at 5% level ofsignificance.Calculate R² and R² and comment on them.i.ii.iii.Construct an ANOVA table and check for the significance of the regression at5% level of significance.iv.

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Q1 a) Consider the following data on hourly wage rates (Y), labour productivity (X1) and literacy rate (X2) in a country ABV: Y 90 72 54 42 | 30 | 12 Y |XI 3 5 6 8 12 14 | X2 16 10 7 4 3 2 i. Calculate the estimators of the regression Y; = ß1 + B2X2¡ + B3X3¡ + Hi Test the hypothesis B2 = 0 against the alternative B2 > 0 at 5% level of significance. Calculate R? and R² and comment on them. ii. iii. Construct an ANOVA table and check for the significance of the regression at 5% level of significance. iv.

Q1 a) Consider the following data on hourly wage rates (Y), labour productivity (X1) and literacy rate (X2) in a country ABV: Y 90 72 54 42 | 30 | 12 Y |XI 3 5 6 8 12 14 | X2 16 10 7 4 3 2 i. Calculate the estimators of the regression Y; = ß1 + B2X2¡ + B3X3¡ + Hi Test the hypothesis B2 = 0 against the alternative B2 > 0 at 5% level of significance. Calculate R? and R² and comment on them. ii. iii. Construct an ANOVA table and check for the significance of the regression at 5% level of significance. iv.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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