Regress smoker on cubic polynomials of age, using a linear probability model. Choose the wrong statement about what the estimates suggest. O a. 20 year old individuals would smoke with the probability of 25.33% and 25 year old people would do so with the probability of 25.25%. O b. 30 year old individuals would smoke with the probability of 25.17% and 35 year old people would do so with the probability of 25.02%. O C. 40 year old individuals would smoke with the probability of 24.75% and 45 year old people would do so with the probability of 24.28%. O d. The smoking probability depends on age. Oe. The small adjusted R2 (~ 0.001) suggests that the estimates suffer omitted variable bias.

Regress smoker on cubic polynomials of age, using a linear probability model. Choose the wrong statement about what the estimates suggest. O a. 20 year old individuals would smoke with the probability of 25.33% and 25 year old people would do so with the probability of 25.25%. O b. 30 year old individuals would smoke with the probability of 25.17% and 35 year old people would do so with the probability of 25.02%. O C. 40 year old individuals would smoke with the probability of 24.75% and 45 year old people would do so with the probability of 24.28%. O d. The smoking probability depends on age. Oe. The small adjusted R2 (~ 0.001) suggests that the estimates suffer omitted variable bias.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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