The table below shows the income (X) and expenditure (Y) data for 10 households. Please answer the following questions. Estimate the expenditure function manually: Yi=b0+b1Xi Interpret b0 and b1 Test the significance of parameters (alpha = 0.05). Write down the 95% confidence interval for Y when X=45 X 20 30 33 40 15 13 26 38 35 43 Y 7 9 8 11 5 4 8 10 9 10

The table below shows the income (X) and expenditure (Y) data for 10 households. Please answer the following questions. Estimate the expenditure function manually: Yi=b0+b1Xi Interpret b0 and b1 Test the significance of parameters (alpha = 0.05). Write down the 95% confidence interval for Y when X=45 X 20 30 33 40 15 13 26 38 35 43 Y 7 9 8 11 5 4 8 10 9 10

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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