Suppose you would like to test the null hypothesis that career batting average, home runs per year, and runs batted in per year have no effect on the salaries of baseball players, once the effects of years of experience and games played per year have been controlled for. This null hypothesis includes which of the following exclusion restrictions? Check all that apply. O Bo = 0 O B4 = 0 O B1 = 0 O B3 = 0 O B2 = 0 B5 = 0 To test the null hypothesis, you estimate the following restricted model:

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
14. Testing multiple linear restrictions with the F test
Suppose a data set of 350 observations (N=350) was analyzed using OLS to examine the factors that influence the salaries of professional baseball
players. The regression results are as follows, with standard errors in parentheses:
log(salary) = 12.1 + 0.08 years + 0.02 gamesyr + 0.0007 bavg + 0.02 hrunsyr + 0.012 rbisyr
(0.25)
(0.025)
(0.004)
(0.002)
(0.015)
(0.008)
where
salary
= total salary in 2003
years = years in the league
bavg = career batting average
gamesyr = average games played per year
hrunsyr = home runs per year
rbisyr
= runs batted in per year
R = 0.611
SSR = 199.32
Transcribed Image Text:14. Testing multiple linear restrictions with the F test Suppose a data set of 350 observations (N=350) was analyzed using OLS to examine the factors that influence the salaries of professional baseball players. The regression results are as follows, with standard errors in parentheses: log(salary) = 12.1 + 0.08 years + 0.02 gamesyr + 0.0007 bavg + 0.02 hrunsyr + 0.012 rbisyr (0.25) (0.025) (0.004) (0.002) (0.015) (0.008) where salary = total salary in 2003 years = years in the league bavg = career batting average gamesyr = average games played per year hrunsyr = home runs per year rbisyr = runs batted in per year R = 0.611 SSR = 199.32
Suppose you would like to test the null hypothesis that career batting average, home runs per year, and runs batted in per year have no effect on the
salaries of baseball players, once the effects of years of experience and games played per year have been controlled for.
This null hypothesis includes which of the following exclusion restrictions? Check all that apply.
O Bo = 0
O B4 = 0
B1 = 0
B3 = 0
B2 = 0
O B5 = 0
To test the null hypothesis, you estimate the following restricted model:
Transcribed Image Text:Suppose you would like to test the null hypothesis that career batting average, home runs per year, and runs batted in per year have no effect on the salaries of baseball players, once the effects of years of experience and games played per year have been controlled for. This null hypothesis includes which of the following exclusion restrictions? Check all that apply. O Bo = 0 O B4 = 0 B1 = 0 B3 = 0 B2 = 0 O B5 = 0 To test the null hypothesis, you estimate the following restricted model:
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman