Pls. help me in my stat about CORRELATION ANALYSIS, SIMPLE REGRESSION ANALYSIS AND PATH ANALYSIS IN R Kindly solve the problem on Household finances and explain. Thanks. A researcher wants to determine the causal relationship among number of family members who are at least high school graduate (W), number of working family members (X), monthly gross income (Y), monthly expenditure (Z), and average monthly bank deposits (A). A random sample of 20 families was selected and the data on the variables were collected. Consider the following path diagram: W X Ex Exogenous: Endogenous: b. Set-up the structural equations. Y Z Instructions: Use the variable notations in writing your answers. Conduct all tests at 5% level of significance. a. Identify the exogenous and endogenous variables. Consider the R outputs from the conducted path analysis. Coefficients: (Intercept) Ey A EA Dependent variable: Y Estimate Std. Error t value Pr(>[t]) 335.7 7088.7 0.047 0.963 20368.8 2152.0 9.465 2.07e-08 ***
Pls. help me in my stat about CORRELATION ANALYSIS, SIMPLE REGRESSION ANALYSIS AND PATH ANALYSIS IN R Kindly solve the problem on Household finances and explain. Thanks. A researcher wants to determine the causal relationship among number of family members who are at least high school graduate (W), number of working family members (X), monthly gross income (Y), monthly expenditure (Z), and average monthly bank deposits (A). A random sample of 20 families was selected and the data on the variables were collected. Consider the following path diagram: W X Ex Exogenous: Endogenous: b. Set-up the structural equations. Y Z Instructions: Use the variable notations in writing your answers. Conduct all tests at 5% level of significance. a. Identify the exogenous and endogenous variables. Consider the R outputs from the conducted path analysis. Coefficients: (Intercept) Ey A EA Dependent variable: Y Estimate Std. Error t value Pr(>[t]) 335.7 7088.7 0.047 0.963 20368.8 2152.0 9.465 2.07e-08 ***
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 11CT
Related questions
Question
100%
Pls. help me in my stat about
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 3 images
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
Follow-up question on the Household finances:
Pls. Illustrate the output path diagram. Thanks.
Solution
by Bartleby Expert
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL