EBK BUSINESS STATISTICS
EBK BUSINESS STATISTICS
7th Edition
ISBN: 8220102743984
Author: STEPHAN
Publisher: PEARSON
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Q.2. The following equation relates wages of Australian workers (wage) to the level of immigration in the Australian cities (immi); immi = number of immigrants in the city/ total number of workers in the city. log(wage) = Po + B₁.log(immi), n = 13500 i. ii. iii. Interpret the coefficient on log(immi). Discuss the possible sign of B₁? Do you think simple regression provides an unbiased estimator of the ceteris paribus elasticity of wage with respect to immi? (Think about the immigrant's decision on where to move to? What other factors about a city might affect wage? Might these be correlated with immigration to the city)
The variable income (yearly) is examined in a regression setting where the predictor variable is lag (1) of income and the following output is produced. a) Write down the regression equation. b) Interpret the meaning of the slope. c) A dummy variable for gender (male=0, female=1) was added to the model. Interpret its coefficient of -0.2.
If the equation of the regression line that relates hours per week spent in the tutor lab, x, to GPA, y, is y=2.1+0.28, then the best presdiction for the GPA of students who never go into the lab would be 2.1  True Or  False
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Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY