Suppose a certain state university's college of business obtained the following results on the salaries of a recent graduating class:Finance MajorsBusiness Analytics Majors= 140n2 = 30X1 = $48,137X2 = $55,217S1$19,000S2$10,000%3D(a) Formulate hypotheses so that, if the null hypothesis is rejected, we can conclude that salaries for Finance majors are significantly lower than the salaries of Business Analytics majors. Use = 0.05. (Let µ,= thepopulation mean salary for Finance majors, and let u,= the population mean salary for Business Analytics majors. Enter != for + as needed.)Ho:Ha:(b) What is the value of the test statistic? (Use u,uz. Round your answer to three decimal places.)(c) What is the p-value? (Round your answer to four decimal places.)p-value%3D

Answered: Finance Majors Business Analytics…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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ruan Use wage1.txt data set for this question. Consider the following regression: logtwage)-Bo-Beduc-3.exper+u. Suppose we want to test whether the return of an additional year in school will pay more than spending an additional year in the labor market Which of the following is the correct set of hypotheses for this test? Ho: 1-2 HA: 1-20 31 Ho: 1-2 HA: 1-8 270 Ho: 1-220HA: 1-³ 20 Ho: 1-2 HA: 1-820 0.91
4. A simple linear regression is fit to a dataset. Unfortunately, the corresponding ANOVA table is not complete because some quantities in the table are missing due to unknown digital errors. Calculate the missing values, denoted by "?", in the ANOVA table based on the other available values. Is this regression model significant (α = 0.05)? Source Regression Residual Total df ? ? 21 SS ? ? ? MS = SS/df ? 1.13 F-Ratio 430.65 p-value ?
We are interested in estimating the following model log(wage) = Bo + Bieduc + Bzexper + u where • wage=hourly wage, in US dollars; • educ=number of years of education; • exper=number of years of work experience. The variable ctuit is the change in college tuition facing students from age 17 to age 18 and is used as an IV for educ. We run the first stage regression for educ and get the following output: Source s df MS Number of obs 1,230 F (2, 1227) 550.19 Model 3220.84426 2 1610.42213 Prob > F 0.0000 Residual 3591.43541 1,227 2.92700523 0.4728 R-squared Adj R-squared 0.4719 Total 6812.27967 1,229 5.54294522 Root MSE 1.7108 educ Coef. Std. Err. t P>|t| [95% Conf. Interval] ctuit -.1859575 .0608175 -3.06 0.002 -.3052752 -.0666398 exper -.521161 .0157156 -33.16 0.000 -.5519933 -.4903286 _cons 18.63905 .1757961 106.03 0.000 18.29415 18.98394 Is the assumption of instrument relevance satisfied? Why yes, or why not?
Q to =://r02.core.learn.edgenuity.com/Player/ ning Unit Test Unit Test Active TIME REMAINING 01:21:21 What is the equation of the least-squares regression An analysis of the decay of 10 grams of an unstable element over time was completed and is displayed in the computer output. line? O Element = 2.305 - 0.101 In(Time) Regression Analysis: In (Element) versus Time Predictor Coef SE Coef O In(Element) = 2.305 - 0.101(Time) Constant 2.305 0.021 109.76 0.000 Time -0.101 0.0007 -132.99 0.000 R-Sq (adj) =0.999 O In(Element) = -0.101 + 2.305 (Time) s=0.0079 R-Sq=0.99 O In(Time) = - 0.101 + 2.305(Element) Save and Exit Next Submit Mark this and return a ch ort sc 144 & 5 L. 8
A linear regression model based on a random sample of 36 observations on the response variable and 4 predictors has a multiple coefficient of determination equal to 0.697. What is the value of the adjusted multiple coefficient of determination?
17. Each full carton of Grade A eggs consists of 1 randomly selected empty cardboard container and 12 randomly selected eggs. The weights of such full cartons are approximately normally distributed with a mean of 840 grams and a standard deviation of 7.9 grams. a. What is the probability that a randomly selected full carton of Grade A eggs will weigh more than 850 grams? The weights of the empty cardboard containers have a mean of 20 grams and a standard deviation of 1.7 grams. It is reasonable to assume independence between the weights of the empty cardboard containers and the weights of the eggs. It is also reasonable to assume independence among the weights of the 12 eggs that are randomly selected for a full carton. Let the random variable X be the weight of a single randomly selected Grade A egg. b. What is the mean of X? C. What is the standard deviation of X?
Heights (cm) and weights (kg) are measured for 100 randomly selected adult males, and range from heights of 139 to 188 cm and weights of 38 to 150 kg. Let the predictor variable x be the first variable given. The 100 paired measurements yield x = 167.62 cm, y = 81.37 kg, r 0.113, P-value = 0.263, and y = - 105+1.01x. Find the best predicted value of y (weight) given an adult male who is 142 cm tall. Use a 0.05 significance level. %3D The best predicted value of y for an adult male who is 142 cm tall is kg. (Round to two decimal places as needed.)
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Below are bivariate data O each of twelve countries. For each of the countries, both x, the number of births per one thousand people in the population, and y, the female life expectancy (in years), are given. Also shown are the scatter plot for the data and the least-squares regression line. The equation for this line is ing birthrate and life expectancy information for y = 81.87 – 0.46x. Birthrate, x (number of births per 1000 pop.) Female life expectancy, y (in years) 85- 35.7 67.7 80- 41.5 63.9 75 31.9 63.3 19.9 73.0 70 50.5 60.4 65. 24.4 72.7 60- 50.1 63.2 55 13.8 72.5 50 50.3 54.6 45.6 57.9 15.9 76.2 Figure 1 26.6 71.9 Send data to Excel
We are researching the charity donation behaviour of Australians. We have the following model: (E1) Donate = β0 + β1Income +β2Avg_Gift + β3Edu + u Where: Donate is a dummy variable equal to 1 if the individual makes a donation in response to a social media campaign by our charity organisation, and 0 otherwise Income is the annual household income Avg_Gift is the average value of past donations made by the individual to our charity Educ is the individual's level of education (in years) Our data is a random sample of the population and we have 1,614 observations. You should assume E [u | Income, Avg_Gift, Educ] = 0. Using the information above, please answer the following 3 questions. [i] Referring to Model (E1) above, interpret the coefficient β1. [ii] You know that this model will suffer from heteroskedasticity. Why is this the case? Explain your reasoning. [iii] In your own words, what is heteroskedasticity?

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