The regression output is reportedin Table 5. Calculate the standard error, t-statistic, p-value, and 95% confidenceinterval for the variable owner. Is the coefficient of owner statistically significant at5%? The questions below are based on a dataset containing the characteristics of 5,407households. In particular, we will use the following variables:- size: home size, measured in square feet.- hhinc: annual household net income, measured in euros.- owner. dummy variable equal to 1 if the living space is owned, and 0 if the livingspace is rented.- hhsize1: dummy variable equal to 1 if the number of household's members is 1 or2, and 0 otherwise.hhsize2: dummy variable equal to 1 if the number of household's members is 3 or4, and 0 otherwise.hhsize3: dummy variable equal to 1 if the number of household's members is 5 orabove 5, and 0 otherwise.- edu: education level of household's members.The Appendix contains tables with the critical values of the standard normal distribution andthe F distribution. Table 5. regress size hhinc owner hhsizel hhsizez hhsize3, robust noconstantLinear regressionNunber of obs1,593F(5, 1588)3895.70Prob > F0.0000R-squared0.9255Root MSE353.16RobustsizeCoefficient std. err.tP>|t|(95% conf. interval)hhinc6.80 0.000.00456700067170032495.0058845owner404.7925442.6217hhsizel675.808624.2422227.88 0.00628.2585723.3587hhsize2788.660636.4762821.62717.1138860.2073hhsize)993.660958.6329416.95e.000878.65481108.667

From the given information, The 95% upper confidence bound is 442.6217. Coefficient is 404.7925 That…

Answered: The regression output is reported in…

The regression output is reported in Table 5. Calculate the standard error, t-statistic, p-value, and 95% confidence interval for the variable owner. Is the coeffi

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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