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QUESTION 1 Table 1 gives data on weekly family consumption expenditure (Y) (in dollars) and weekly family income (X) (in dollars) for a population of 60 students. Weekly income (X) 90 120 140 170 190 220 Weekly consumption expenditure (Y) 55, 60, 65, 70, 75 65, 70, 74, 80, 85, 88 79, 84, 90, 94, 98 80, 93, 95, 103, 108, 113, 115 102, 107, 110, 116, 118, 125 110, 115, 120, 130, 135, 140 120, 136, 140, 144, 145 250

QUESTION 1 Table 1 gives data on weekly family consumption expenditure (Y) (in dollars) and weekly family income (X) (in dollars) for a population of 60 students. Weekly income (X) 90 120 140 170 190 220 Weekly consumption expenditure (Y) 55, 60, 65, 70, 75 65, 70, 74, 80, 85, 88 79, 84, 90, 94, 98 80, 93, 95, 103, 108, 113, 115 102, 107, 110, 116, 118, 125 110, 115, 120, 130, 135, 140 120, 136, 140, 144, 145 250

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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QUESTION 1 Table 1 gives data on weekly family consumption expenditure (Y) (in dollars) and weekly family income (X) (in dollars) for a population of 60 students. Weekly income (X) 90 Weekly consumption expenditure (Y) 55, 60, 65, 70, 65, 70, 74, 80, 85, 88 79, 84, 90, 94, 80, 93, 95, 103, 108, 113, 115 102, 107, 110, 116, 118, 125 110, 115, 120, 130, 135, 140 120, 136, 140, 144, 145 135, 137, 140, 152, 157, 160, 162 137, 145, 155, 165, 175, 189 150, 152, 175, 178, 180, 185, 191 75 120 140 98 170 190 220 250 270 290 320 For each income level, compute the mean consumption expenditure E (Y|X;), that is, the conditional expected value Plot these data in a scattergram with income on the horizontal axis and consumption expenditure on the vertical axis. Plot the conditional means derived in part (a) in the same scattergram created in part (b). а. b. С. This is a question for subject Econometrics. Please show all the step by step calculation and table / scattergram / diagram. Thank you in advance.
Transcribed Image Text:QUESTION 1 Table 1 gives data on weekly family consumption expenditure (Y) (in dollars) and weekly family income (X) (in dollars) for a population of 60 students. Weekly income (X) 90 Weekly consumption expenditure (Y) 55, 60, 65, 70, 65, 70, 74, 80, 85, 88 79, 84, 90, 94, 80, 93, 95, 103, 108, 113, 115 102, 107, 110, 116, 118, 125 110, 115, 120, 130, 135, 140 120, 136, 140, 144, 145 135, 137, 140, 152, 157, 160, 162 137, 145, 155, 165, 175, 189 150, 152, 175, 178, 180, 185, 191 75 120 140 98 170 190 220 250 270 290 320 For each income level, compute the mean consumption expenditure E (Y|X;), that is, the conditional expected value Plot these data in a scattergram with income on the horizontal axis and consumption expenditure on the vertical axis. Plot the conditional means derived in part (a) in the same scattergram created in part (b). а. b. С. This is a question for subject Econometrics. Please show all the step by step calculation and table / scattergram / diagram. Thank you in advance.
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