4.Suppose we have 51 observations on income per capita (y) and the percentage of population with a bachelor's or higher degree (x). Using this data, the following regression model has been estimated: y = (a) + 1.029x se (2.672) (c) t (4.31) (10.75), where se stands for the standard errors of the estimated coefficients b, and b2; t stands for the t-ratios of the two estimated regression coefficients (b, and b2) when testing the hypothesis H,:b12 = 0, Ha:b12 + 0. (H5:3.7) Calculate the estimated intercept, b1. Interpret (explain the meaning) of the two regression coefficients, b1 and b2. (Please remember that the t-ratio is equal to the estimated value of a а. parameter over its standard error when testing the null hypothesis that the parameter is equal to zero.)
4.Suppose we have 51 observations on income per capita (y) and the percentage of population with a bachelor's or higher degree (x). Using this data, the following regression model has been estimated: y = (a) + 1.029x se (2.672) (c) t (4.31) (10.75), where se stands for the standard errors of the estimated coefficients b, and b2; t stands for the t-ratios of the two estimated regression coefficients (b, and b2) when testing the hypothesis H,:b12 = 0, Ha:b12 + 0. (H5:3.7) Calculate the estimated intercept, b1. Interpret (explain the meaning) of the two regression coefficients, b1 and b2. (Please remember that the t-ratio is equal to the estimated value of a а. parameter over its standard error when testing the null hypothesis that the parameter is equal to zero.)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.CR: Chapter 2 Review
Problem 111CR: Respiratory Rate Researchers have found that the 95 th percentile the value at which 95% of the data...
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