Carefully interpret and explain given findings

Reference no: EM131381484

A regression analysis was carried out to determine whether wages increase for blue-collar workers depending on the extent to which firms that employ them engage in product exportation. The sample consisted of 585,692 German blue-collar workers.

For each of these workers, the income was known as well as the percentage of the work that was related to exportation. The regression slope estimate was 0.009, and the t-statistic value was 1.51.8 Carefully interpret and explain these findings.

Reference no: EM131381484

Questions Cloud

What kind of design did the researchers use : Are the assumptions and conditions necessary for inference satisfied?

Is there statistical evidence to reject the claim : The report lists the following findings for common stock of Time, Inc.: beta = 1.24, standard error of beta = 0.21, n = 60. Is there statistical evidence to reject the claim that the Time stock moves, in general, with the market as a whole?

Karen opportunity cost of running the business : As for her personal expenses, her apartment costs her $12,000 per year and her personal bills are an extra $6,000 per year. What is Karen's opportunity cost of running the business.

What alpha level did your test use : Anorexia. The Journal of the American Medical Association reported on an experiment intended to see if the drug Prozac® could be used as a treatment for the eating disorder anorexia nervosa. The subjects, women being treated for anorexia, were ran..

Carefully interpret and explain given findings : For each of these workers, the income was known as well as the percentage of the work that was related to exportation. The regression slope estimate was 0.009, and the t-statistic value was 1.51. Carefully interpret and explain these findings.

Expansionary monetary policy : Suppose the central bank of a country undertakes an expansionary monetary policy. Which of the following is most likely to be the effect of such a policy, all other things remaining unchanged?

Is there a linear relationship between the two variables : The regression was run using a random sample of 213 firms listed in the Value Line Investment Survey. The reported results are where the number in parentheses is the standard error. Is there a linear relationship between the two variables?

State a conclusion based on your confidence interval : Another ear infection. In Exercise 13 you used a confidence interval to examine the effectiveness of a vaccine against ear infections in babies. Suppose that instead you had conducted a hypothesis test. (Answer these questions without actually doi..

Researching venues for a restaurant business : Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what t..

User Account

All Pages