Q3: A researcher estimated following saving equation for 8000 households from allover Pakistan SV = 10-53.56U-47F + 2000P-1200S3000B +0.37Y Where SV is household savings, Y is household income and U=1if household belongs to urban region, U=0 otherwise F=1 if head of household is female, F=0 otherwise P=1 if household belongs to ProvInce tunb, P=0 otherwise S=1 if household belongs to Province Sindh, S=0 otherwise B=1 if household belongs to Province Balochistan, B=0 otherwise Now answer following questions i=Interpret above results ii=What is the estimated saving of male headed Urban Punjab households? iii= What is the estimated saving of female headed Rural KPK households?
Q3: A researcher estimated following saving equation for 8000 households from allover Pakistan SV = 10-53.56U-47F + 2000P-1200S3000B +0.37Y Where SV is household savings, Y is household income and U=1if household belongs to urban region, U=0 otherwise F=1 if head of household is female, F=0 otherwise P=1 if household belongs to ProvInce tunb, P=0 otherwise S=1 if household belongs to Province Sindh, S=0 otherwise B=1 if household belongs to Province Balochistan, B=0 otherwise Now answer following questions i=Interpret above results ii=What is the estimated saving of male headed Urban Punjab households? iii= What is the estimated saving of female headed Rural KPK households?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Q3:
A researcher estimated following saving equation for 8000 households from allover Pakistan
SV = 10-53.56U-47F + 2000P-1200S3000B +0.37Y
Where SV is household savings, Y is household income and
U=1if household belongs to urban region, U=0 otherwise
F=1 if head of household is female, F=0 otherwise
P=1 if household belongs to ProvInce tunb, P=0 otherwise
S=1 if household belongs to Province Sindh, S=0 otherwise
B=1 if household belongs to Province Balochistan, B=0 otherwise
Now answer following questions
i=Interpret above results
ii=What is the estimated saving of male headed Urban Punjab households?
iii= What is the estimated saving of female headed Rural KPK households?
iv=What is the estimated saving of a female headed household with income of
Rs.100000 who belongs to urban Sindh?
v =What is the difference in the estimated female headed rural Punjab and
male headed urban Balochistan households?
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