For this model, ESS = 1,740 and TSS = 2,000 Instructions: 1 The value of RSS is ………….

This exercise refers to the drunk driving panel data regression summarized below. Regression Analysis of the Effect of Drunk Driving Laws on Traffic Deaths Dependent variable: traffic fatility rate (deaths per 10,000). Regressor Beer tax Drinking age 18 Drinking age 19 Drinking age 20 Drinking age Mandatory jail or community service? Average vehicle miles per driver Unemployment rate Real income per capita (logarithm) Years State Effects? Time effects? (1) 0.41* (0.056) 1982-88 no no (2) (3) (4) -0.62** -0.76*** -0.42 (0.39) (0.33) (0.38) 0.023 (0.078) -0.014 (0.084) -0.023 -0.075 (0.053) (0.064) 0.034 -0.109*** (0.058) (0.058) no yes yes no yes Clustered standard errors? yes yes F-Statistics and p-Values Testing Exclusion of Groups of Variables Time effects=0 (5) -0.76** (0.36) 0.041 0.083 (0.111) (0.115) 0.006 0.015 (0.005) (0.011) -0.068* (0.016) 1.66* (0.66) 1982-88 1982-88 1982-88 1982-88 yes yes yes yes yes yes (6) -0.46 (0.39) -0.004 (0.022) 0.043 (0.101) 0.007 (0.005) -0.064*…

Problem 5. Based on a sample of 21 Monitoring the Future respondents (see table below), we present their racial/ethnic background and the number of school days missed in the past 4 weeks.   White Black Hispanic 4 1 4 5 2 3 3 2 5 4 1 1 4 3 5 4 4 2 6 3 2     Complete the 5-step model for these data, and set alpha at 0.05. If alpha were set at 0.01, would your decision change? Explain.

a and b please