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BabaBlast [244]
3 years ago
13

Let R^2 unrestricted and R^2 restricted be 0.4366 and 0.4149 respectively. The difference between the unrestricted and the restr

icted model is that you have imposed two restrictions.The number of regressors in the unrestricted model is 3. There are 420 observations. The F-statistic (under the assumption of homoskedasticity) in this case is:A) 4.61B) 8.01 C) 10.34 D) 7.71
Business
1 answer:
EastWind [94]3 years ago
3 0

Answer:

Option (B) is correct.

Explanation:

Given that,

R^{2}[tex/] unrestricted = 0.4366[tex]R^{2}[tex/] restricted = 0.4149Regressors in the unrestricted model = 3No. of observations, n = 420No. of independent variables, k = 3Degree of freedom i.e no. of restrictions, q = 2F-Statistic:[tex]=\frac{(\frac{R^{2} _{UR}-R^{2} _{R}}{q})}{\frac{1-R^{2} _{UR}}{(n-k-1)}}

=\frac{(\frac{0.4366-0.4149}{2}) }{\frac{1-0.4366}{(420-3-1)} }

=\frac{0.01085}{0.5634} \times 416

= 8.01

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Explanation:

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Aleks04 [339]

Answer:

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We have to first compute the total direct labor cost. This is done by multiplying the estimated direct labor hours with the hourly rate.

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tresset_1 [31]

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