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Vinvika [58]
3 years ago
15

Suppose you regress the natural log of total family expenditures on household size using observations of households from the 201

3 Consumer Expenditure Survey:
. reg Intotexppq fam_size
Source SS df MS Number of obs = 6,766
Model F(1, 6764) = 634.72
Residual Prob > F = 0.0000
R-squared = 0.0858
Adj R-squared = 0.0857
Total | 5540.26944 6,765 818960744 Root MSE = .86534
Intotexppp | Coef. Std. Err. t P>I t I |[95% Conf. Interval]
fam_size | .1767089 .007014 25.19 0.000
cons | .0203324 404.71 0.000
From the information given, you should be able to answer the following questions about the regression:
• (4) Interpret your estimate of the coefficient on family size.
• (4) Compute the 95% confidence interval for the coefficient on family size.
• (6) Compute the estimate of the intercept of the regression line.
• (5) Compute the Explained Sum of Squares and Residual Sum of Squares of the model.
• (6) How would you assess whether the error terms in your model were homoskedastic or heteroskedastic? Include a picture if you need to.

Mathematics
1 answer:
postnew [5]3 years ago
4 0

Answer:

Step-by-step explanation:

Please check below in the attached, you will see answer to given questions, thank you, I hope it helps.

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Andru [333]

Answer:

I was trying to answer but can you provide a picture of a better understanding, so I can solve the equation. If not then feel free to report me. Very sorry.

Step-by-step explanation:

4 0
3 years ago
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To Mark or decided to purchase a new DVD player on an installment loan DVD player was $295 Tim agreed to pay $31 per month for 1
Verizon [17]

Answer: ⇒ The finance charge = $77


Step-by-step explanation:

Given: The cost price of DVD player= $295

Since, Tim agreed to pay $31 per month for 12 months .

Therefore, the total amount paid by Tim= 31\times12=\$372

The finance charge =\text{Amount paid by Tim - Cost price of DVD}

⇒ The finance charge =\$372-\ $295

⇒ The finance charge =$77

5 0
3 years ago
which of these pairs of points defines a line whith a slope of 2/3 A. (2, 6) and (3, 0) B. (6, 2) and 3, 0) C. (6, 2) and (0, 0)
JulsSmile [24]
The answer for the question is B
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Melanie is 2 years older than Bill. Bill is 27 years old. After correctly carrying out the Solve step of the five-step problem-s
slava [35]

it should just be 2 + 27 in order to find her age!

8 0
3 years ago
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Mathematic equation <br> solve q <br> 11=8(3q-1)
pickupchik [31]
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4 0
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