Question

The estimated model is Ahe ​= −13.8666 ​+ 1.0217​Age, R2​= 0.121 (0.368​) Where the number in...

The estimated model is

Ahe ​= −13.8666 ​+ 1.0217​Age, R2​= 0.121

(0.368​)

Where the number in parentheses is the homoskedastic standard error for the regression coefficient β1. Using the sample of high school​ graduates, suppose you wanted to test the hypothesis that β1 equals zero at the​ 5% significance level. That​ is,

H0: β1=0 vs. H1: β1≠0

Report the t​-statistic and p​-value for this test. The t​-statistic is ____

College Distance
Ahe Age College
12.6102 34 1
17.2572 25 1
4.0307 32 1
26.146 33 1
33.352 27 1
8.9155 27 1
64.6712 26 1
9.3487 26 1
44.0298 30 1
8.1751 31 1
24.4249 26 1
16.0365 31 1
31.7643 26 1
32.8926 33 1
25.9257 29 1
26.8499 30 1
22.6707 30 1
14.4586 27 1
15.6864 27 1
55.2604 32 1
27.1889 29 1
38.0335 31 1
28.1463 26 1
14.3612 31 1
15.8709 30 1
29.2048 28 1
45.106 34 1
23.4888 27 1
18.44 33 1
27.2437 25 1
39.4441 27 1
14.2008 30 1
22.896 33 1
31.9338 27 1
17.7686 28 1
25.2584 27 1
36.9844 33 1
17.4559 32 1
24.827 31 1
25.9448 34 1
9.3946 31 1
24.5044 34 1
36.0618 29 0
13.5713 28 0
8.0061 26 0
20.0158 29 0
45.4987 33 0
7.2858 27 0
11.9818 33 0
18.1214 25 0
7.6007 32 0
12.5471 29 0
16.9855 28 0
15.1409 29 0
6.7083 27 0
22.2952 33 0
12.148 30 0
8.2473 28 0
15.0424 27 0
6.7796 25 0
16.8188 25 0
14.8258 30 0
15.7019 25 0
2.6229 30 0
23.8469 31 0
12.2451 31 0
21.8335 33 0
15.4616 26 0
32.2909 29 0
10.7363 28 0
11.2132 34 0
14.9038 28 0
24.3312 29 0
12.9998 30 0
17.0164 26 0
9.7228 25 0
10.2584 28 0
18.4956 29 0
11.1666 33 0
18.4905 29 0
15.8924 34 0
17.4147 29 0
17.99 29 0
12.807 25 0
9.8222 29 0
4.0649 25 0
7.177 25 0
9.2321 31 0
19.2232 30 0
12.0358 25 0
22.8428 29 0
20.2687 26 0
14.0444 30 0
8.7165 25 0
31.0064 33 0
7.6344 26 0
16.8722 31 0
12.7747 28 0
23.2383 30 0
16.8357 30 0

Homework Answers

Answer #1

H0: β1=0 vs. H1: β1≠0

As we can see that B1^ = 0.74879

T statistics =( B1^ - B1)/ SE(B1)

T statistics =( 0.74879 - 0 )/ 0.399

T statistics = 0.74879 / 0.399 = 1.87

Also P value of B1^ is given by 0.06399 as shown in table . So P value is greater than 5 % significance level . So we fail to reject the null hypothesis .

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In this​ exercise, you will investigate the relationship between a​ worker's age and earnings.​ (Generally, older...
In this​ exercise, you will investigate the relationship between a​ worker's age and earnings.​ (Generally, older workers have more job​ experience, leading to higher productivity and​ earnings.)The following table contains data for​ full-time, full-years​ workers, age​ 25-34, with a high school diploma or​ B.A./B.S. as their highest degree. Download the data from the table by clicking the download table icon A detailed description of the variables used in the data set is available here. Use a statistical package of your...
Studen Age 28 27 28 30 29 29 35 29 34 29 25 30 28 31...
Studen Age 28 27 28 30 29 29 35 29 34 29 25 30 28 31 27 27 34 30 26 27 31 32 34 27 31 34 32 29 25 30 32 28 34 28 23 27 30 26 35 31 25 33 29 31 26 33 33 31 38 22 1. Follow a good modeling scheme. Make sure all calculations are done in Excel 2. Cell with formulas, intermediate calculations painted light green 3. All calculations or numbers...
Use Excel to find the following: Compare the height, weight (in inches), and age for Eagles...
Use Excel to find the following: Compare the height, weight (in inches), and age for Eagles versus Patriots, using t tests. Provide the conclusions based on the t tests. Gaps between numbers under age are no value 77 each Eagles: Age 35 28 23 23 29 23 24 31 28 24 24 24 26 31 23 26 25 25 31 29 33 30 22 28 23 24 29 23 24 26 32 26 24 23 29 24 23 30 24...
Dataset: Husband   Wife 53   50 38   34 46   44 30   36 31   23 26   31 29  ...
Dataset: Husband   Wife 53   50 38   34 46   44 30   36 31   23 26   31 29   25 48   51 65   46 29   26 28   23 29   32 25   22 22   21 21   24 43   50 24   27 38   33 33   26 35   29 40   29 27   25 27   24 49   38 48   39 27   27 26   24 40   34 35   37 21   26 32   39 30   28 60   52 36   40 25   23 66   55 52   34 41   40 43  ...
After you run the t-test, answer these questions (type responses in this box): 1. What is...
After you run the t-test, answer these questions (type responses in this box): 1. What is the p-value (the significance)? 2. Is the difference between the mean age first diagnosed for males and females statistically significant? Independent Samples t-TEST Age First Diagnosed Male Female 25 33 35 32 34 45 22 44 34 21 21 33 21 29 18 30 43 31 28 28 29 44 32 54 41 32 25 39 30 36 19 50 15 21 18 37...
Assume that you want to test the claim that the paired sample data come from a...
Assume that you want to test the claim that the paired sample data come from a population for which the mean difference is μd = 0. Compute the value of the t test statistic. Round intermediate calculations to four decimal places as needed and final answers to three decimal places as needed. x 28 31 20 25 28 27 33 35 y 26 27 26 25 29 32 33 34 A) t = -1.185 B) t = -0.523 C) t...
The Columbus Dispatch conducted a study. Two identical football, one filled with helium and one filled...
The Columbus Dispatch conducted a study. Two identical football, one filled with helium and one filled with ordinary air, were used. A casual observer was unable to detect a difference in the two footballs. A novice kicker was used to punt the footballs. A trial consisted of kicking both footballs in a random order. The kicker did not know which football he was kicking. The distance of each punt was recorded, then another trial was conducted. A total of 39...
Use the given data that represent the waiting time of a randomly selected group of people...
Use the given data that represent the waiting time of a randomly selected group of people at an urgent-care clinic and a randomly selected group of people at an emergency clinic. a. Rearrange the data so that they can be analyzed using regression, and add an independent variable that is 1 for Emergency and 0 Urgent care. b. Test the hypothesis that waiting time is equal for both groups (against the alternative that they are not equal) using regression and...
Person number X Value Y Value Person number X Value Y Value Person number X Value...
Person number X Value Y Value Person number X Value Y Value Person number X Value Y Value 1 24 30 11 39 42 21 21 27 2 42 53 12 60 65 22 33 29 3 20 27 13 34 40 23 25 27 4 31 30 14 24 26 24 22 25 5 22 24 15 51 57 25 28 33 6 46 47 16 80 83 26 34 40 7 52 60 17 28 27 27 53...
Question 8 British Couples Question 2 A random sample of 25 British couples was asked how...
Question 8 British Couples Question 2 A random sample of 25 British couples was asked how old they were when they get married. What is the p-value of the appropriate test if you want to check if the average age of British husbands exceed that of the wives by at least 2 years? Husband Wife 27 23 29 23 30 26 30 28 28 26 28 24 26 24 28 25 29 24 25 28 27 31 26 28 24...