Let ECON10 denote the percentage of econometric students at UWI who need to receive a passing score on a standardized econometrics exam. The government wish to estimate its efforts of the local funded tertiary econometrics analysis software on students' performance. In fact, the government expect the analysis software to have a positive ceteris paribus effect performance, all other things being equal, if the student who is under-privilege to purchase the software becomes eligible for the government funded tertiary assistance software program, his or her performance should improve by 10% points in the error term in UWI and students' characteristics that effect the school program. Given that tertiary denotes % of the students who is eligible for the software program and µ – error term. 1. Write a simple regression model. 2. UWI for 2019 – 2020 academic year obtain the following: ECON10 = 32. 14 – 0.319Terprog n= 408 R² = 0. 171 What does the equation predict? 3. Do you agree / disagree with the prediction. Explain your answer. 4. Is the regression biased or unbiased?
Percentage
A percentage is a number indicated as a fraction of 100. It is a dimensionless number often expressed using the symbol %.
Algebraic Expressions
In mathematics, an algebraic expression consists of constant(s), variable(s), and mathematical operators. It is made up of terms.
Numbers
Numbers are some measures used for counting. They can be compared one with another to know its position in the number line and determine which one is greater or lesser than the other.
Subtraction
Before we begin to understand the subtraction of algebraic expressions, we need to list out a few things that form the basis of algebra.
Addition
Before we begin to understand the addition of algebraic expressions, we need to list out a few things that form the basis of algebra.
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