- The variable smokes is a binary variable equal to one if a person smokes, and zero otherwise. A researcher has estimated the following linear probability model for smokes: smokes = .656 - .069log(cigpric) + .012 log(income) - .029 educ (.006) [.006] (.855) (.204) [.856] 1.207] (.026) [.026] (.006) [.005] +.020 age - 0.00026age2- 0.101 restaurn - .026white (.039) [.038] (.00006) 1.00006] (.052) [.050] n=807, R2 = 0.062. Standard errors are provided in (.) and heteroskedasticity adjusted standard errors are provided in [.]. • income= annual income in US dollars • cigprice= the per-pack price of cigarettes (in cents) • educ= years of schooling • age= age measured in years • restauran= a binary indicator equal to unity if the person resides in a state with restaurant smoking restrictions • white= a dummy for race. white=1 for white and zero otherwise Analyse this model using all information available to you. Provide an effective policy discussion of this model.

- The variable smokes is a binary variable equal to one if a person smokes, and zero otherwise. A researcher has estimated the following linear probability model for smokes: smokes = .656 - .069log(cigpric) + .012 log(income) - .029 educ (.006) [.006] (.855) (.204) [.856] 1.207] (.026) [.026] (.006) [.005] +.020 age - 0.00026age2- 0.101 restaurn - .026white (.039) [.038] (.00006) 1.00006] (.052) [.050] n=807, R2 = 0.062. Standard errors are provided in (.) and heteroskedasticity adjusted standard errors are provided in [.]. • income= annual income in US dollars • cigprice= the per-pack price of cigarettes (in cents) • educ= years of schooling • age= age measured in years • restauran= a binary indicator equal to unity if the person resides in a state with restaurant smoking restrictions • white= a dummy for race. white=1 for white and zero otherwise Analyse this model using all information available to you. Provide an effective policy discussion of this model.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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