Enter the value of the test statistic

Assignment Help Econometrics
Reference no: EM13499712

Suppose that yi is a binary variable. Consider the regression equation

y= β1 + β2x2i + β3x3i + ei

Assume that over the range of the data the linear specification is sufficiently close to the true population regression function for misspecification not to be an important issue.

Data for the variables are in this file.

Estimate the linear probability model using an appropriate method and test the null hypothesis that ,β2 = 0 and a two-sided alternative hypothesis.

(a) Enter the value of the test statistic in the box below (rounded to 2 decimal places). 0 using a t-test with a 5% significance level

(b) Enter the critical value in the box below (rounded to 3 decimal places)

(c) Do you reject the null hypothesis?

Reference no: EM13499712

Questions Cloud

What is the maximum speed the electron can have : A particular ideal solenoid has 1200 turns/m, a radius of 10 cm, and a current of 4.0 A. What is the maximum speed the electron can have if it is not run into the side of the solenoid
Do you think that your model has explanatory power : Enter the value of McFadden's pseudo-R2 in the box and do you think that your model has explanatory power
Explain the activation energy for the cricket chirping : The rate at which an Australian tree cricket chirps is 184 per minute at 35 degrees C, but only 50 chirps per minute at 10 degrees C. Assuming that cricket chirping follows the Arrhenius Law, what is the activation energy for the cricket chirping
Explain how much more extra of the insufficient reactant : How much more extra of the insufficient reactant would be needed to completely react with the excess remaining of the other reactant. (N = 14, H = 1, Cl = 35.5)
Enter the value of the test statistic : Enter the value of the test statistic in the box below (rounded to 2 decimal places). 0 using a t-test with a 5% significance level and enter the critical value in the box
Calculate the force of kinetic friction over her run : A skier of mass 65.0 kg is racing down a giant slolam course. She starts at the top of the top of the course at rest. Over the course of her run, Calculate the force of kinetic friction over her run
Explain what volume in ml of the reagent should be diluted : A bottle of concentrated aqueous sulfuric acid is labeled 98.0% (wt/wt) H2SO4 and has a concentration of 18.0 F H2SO4. a. What volume, in mL, of the reagent should be diluted to give 1.00 L of 1.00 F H2SO4
Explain what will happen after the leads are jerked out : Place a test lead in one of the big lab magnets and plug both ends in the voltmeter so that it measures voltage on the 200m scale, Explain what will happen after the leads are jerked out of the magnet
Estimate a logit model to predict delinquencies : Estimate a logit model to predict delinquencies in terms of the other variables in the data set. Enter McFadden's Rsquared in the box below.

Reviews

Write a Review

Econometrics Questions & Answers

  What are bobbys implicted cost of selling pianos

of this sales revenue he must pay the manufacturer a wholesale cost of $620,000 he also pays wages and utiilty bills totaling $210,000 if he doe not operate this piano business he can work in an accounting firm and recieve an annual salery of $45,..

  What underlying assumption is reflected in straightline ppf

An economy can produce a maximum of either 28 million tons of wheat or 7,000 automobiles, or various intermediate quantities, as depicted in the table below: Wheat (millions of tons) A=28,B =27,C= 25,D= 22,E =18,F= 13,G= 7,H =0 Automobiles (thousa..

  What is the annual and effective interest rate

An engineering student bought a $75 bicycle and agreed to pay for it with a single $85 payment at the end of six months. Assuming semi-annual compounding, what is the annual, effective interest rate

  Why a concerned congress votes to impose a price floor

Frisbee manufacturers persuade the government that Frisbee production improves scientists' understanding of aerodynamics and thus is important for national security. A concerned Congress votes to impose a price floor $2 above the equilibrium price..

  How the aggregate demand at current prices will shift

Suppose the consumption function is C = $400 billion + 0.8Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with: ( a ) A $50 billion increase in go..

  Determine will unions be more likely to raise the wage

Workers in Wet Seal and Forever 21 stores are considering forming unions in each store. The potential unions have information on labor demand. For Wet Seal, when the wage rises from $8 to $10, Wet Seal will reduce labor demand from 800 to 700.

  What is the present worth of the road at an interest rate

The cost of extending a certain road is $850,000. Resurfacing and other maintenance are expected to cost $175,000 every 3 years and lasts for 96 years. What is the present worth of the road at an interest rate of 6% per year (over that period)

  Explain whether to expect average power per square of wind

Assume that current wind farms produce 2.5 W/m2. Succinctly explain whether you would expect the average power per square meter of wind farms to rise or fall as the production of wind energy expands to, say, 10% of our primary energy consumption...

  How much should domestic automakers increase the price

A researcher estimated that the price elasticity of demand for automobiles in the U.S. is -1.2, while the income elasticity off demand is 3.0. Next year, U.S. automakers intend to increase the average price of automobiles by 5 percent, and they ex..

  How a students aptitude score is statistically significant

Please compute the standard error of estimate and the standard error of the coefficient for the following data set: X = 95, 85, 80, 70, 60 and Y = 85, 95, 70, 65, 70. Lastly, set up and perform the hypothesis test to determine if a student's aptit..

  What is the percentage increase in production when valued

what is the percentage increase in production when valued at 2009 prices is 21.6percent. answer to 1 decimal place.2008

  Explain what is the union relative wage advantage

There are two sectors of the construction industry that currently pay their employees the market-clearing wage. The demand for labor in each sector is MRPL = 12 - L,where L = the number (in thousands) of workers. The supply of labor in each sector..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd