Multiple Choice
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You are interested in determining the number of hours that college students spend studying each week.You identify the following variables:
Y = number of hours spent studying each week
X1= 1 if the student is a freshman,0 otherwise
X2 = 1 if the student is a sophomore,0 otherwise
X3 = 1 if the student is a junior,0 otherwise
X4 = 1 if the student is a senior,0 otherwise
X5 = 1 if the student is a business major,0 otherwise
X6 = 1 if the student is an arts and sciences major,0 otherwise
X7 = 1 if the student is an engineering major,0 otherwise
-Suppose you model the relationship as Y = β0 + β1X1 + β2X2 + β3X3 + β5X5 + β6X6.What effect does being a business student have on hours studying each week?
A) β5 - β0
B) β5
C) β5 + β0
D) β5 * β0
Correct Answer:

Verified
Correct Answer:
Verified
Q116: Suppose we estimate the following regression using
Q117: THE NEXT QUESTIONS ARE BASED ON THE
Q118: If a categorical independent variable,such as gender,contains
Q119: Consider the regression model <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2968/.jpg" alt="Consider
Q120: THE NEXT QUESTIONS ARE BASED ON THE
Q122: The range of the values of the
Q123: Explain what is meant by heteroscedasticity.What effects
Q124: If there is a positive correlation between
Q125: Which of the following distributions is used
Q126: Suppose a scatter plot of your data