Answer:
Based on expert opinion the regression does not suffer from omitted variable bias
Step-by-step explanation:
<em>Based on expert opinion the regression does not suffer from omitted variable bias </em>because its indicators taking values of 1 and 0 where 1 would represent taking action by the legal system and 0 would represent not taking action by the legal system. as
The researcher plans to regress national income per capita based on the effect of the legal system
applying the formula for addressing omitted variable bias ( attached below )
Answer:
y = -1x + 6 or y = -x + 6
Step-by-step explanation:
First, let's identify what slope-intercept form is.
y = mx + b
m is the slope. b is the y-intercept.
We know the slope is -1, so m = -1. Plug this into our standard equation.
y = -1x + b
To find b, we want to plug in a value that we know is on this line: (2, 4). Plug in the x and y values into the x and y of the standard equation.
4 = -1(2) + b
To find b, multiply the slope and the input of x(2)
4 = -2 + b
Now, add 2 from both sides to isolate b.
6 = b
Plug this into your standard equation.
y = -1x + 6
This is your equation.
Check this by plugging in the point again.
y = -1x + 6
4 = -1(2) + 6
4 = -2 + 6
4 = 4
Your equation is correct.
Hope this helps!
