The data used is from college campuses. The variables used in the analysis below include: **crime**, total campus crime; **enroll**, total enrollment; **police**, employed officers. Use the estimated OLS models to answer the questions below:### Model A:\[ln(\hat{crime}) = -6.631 + 1.270 ln(enroll),\]\[(1.034) \quad (0.110)\]$ n = 97; \, R^2 = 0.5804 $### Model B:\[ln(\hat{crime}) = -4.794 + 0.923 ln(enroll) + 0.516 ln(police),\]\[(1.112) \quad (0.144) \quad (0.149)\]$ n = 97; \, R^2 = 0.632 $**Hypothesis Test:**Using Model A, test the null hypothesis that elasticity of crime with respect to enrollment is unit elastic, i.e. equal to one (against a two-sided alternative). **What is the conclusion of your test using a significance level of 0.01?**- [ ] Reject- [ ] Fail to reject- [ ] Not enough information

Answered: Image /qna-images/answer/fdcb7f4c-a00c-423e-9e78-022918cb36aa.jpg

Answered: The data used is from college campuses.…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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