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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 60

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in examining the factors that determine the average length of stay in a hospital across states.You collect data on the following variables:
Y = statewide average hospital stay
X1 = median state income
X2 = 1 if the state is in the Northeast,0 otherwise
X3 = 1 if the state is in the South,0 otherwise
X4 = 1 if the state is in the Midwest,0 otherwise
X5 = 1 if the state is in the West,0 otherwise
-Which of the following model specifications would work for the data provided above?


A) Y = β0 + β1X1 + β2X2 + β3X3 + β4X4 + β5X5
B) Y = β0 + β1X1 + β2X2 + β3X3 + β5X5
C) Y = β1X1 + β2X2 + β3X3 + β5X5
D) Y = THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: You are interested in examining the factors that determine the average length of stay in a hospital across states.You collect data on the following variables: Y = statewide average hospital stay X<sub>1</sub> = median state income X<sub>2</sub> = 1 if the state is in the Northeast,0 otherwise X<sub>3</sub> = 1 if the state is in the South,0 otherwise X<sub>4</sub> = 1 if the state is in the Midwest,0 otherwise X<sub>5</sub> = 1 if the state is in the West,0 otherwise -Which of the following model specifications would work for the data provided above? A) Y = β<sub>0</sub> + β<sub>1</sub>X<sub>1</sub> + β<sub>2</sub>X<sub>2</sub> + β<sub>3</sub>X<sub>3</sub> + β<sub>4</sub>X<sub>4</sub> + β<sub>5</sub>X<sub>5</sub> B) Y = β<sub>0</sub> + β<sub>1</sub>X<sub>1</sub> + β<sub>2</sub>X<sub>2</sub> + β<sub>3</sub>X<sub>3</sub> + β<sub>5</sub>X<sub>5</sub> C) Y = β<sub>1</sub>X<sub>1</sub> + β<sub>2</sub>X<sub>2</sub> + β<sub>3</sub>X<sub>3</sub> + β<sub>5</sub>X<sub>5</sub> D) Y =

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