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A Sociologist Estimates the Following Regression Relating Poverty (Y)to Education

Question 117

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A sociologist estimates the following regression relating Poverty (y)to Education (x1): A sociologist estimates the following regression relating Poverty (y)to Education (x<sub>1</sub>): In an attempt to improve the results,he adds two more explanatory variables: Median Income (x<sub>2</sub>,in $1,000s)and the Mortality Rate (x<sub>3</sub>,per 1,000 residents).The estimated regression equation is: a.Formulate the hypotheses to determine whether Median Income and the Mortality Rate are jointly significant in explaining Poverty. B)Calculate the value of the test statistic. C)At the 5% significance level,find the approximate value of the critical value(s). D)What is the conclusion to the test? In an attempt to improve the results,he adds two more explanatory variables: Median Income (x2,in $1,000s)and the Mortality Rate (x3,per 1,000 residents).The estimated regression equation is: A sociologist estimates the following regression relating Poverty (y)to Education (x<sub>1</sub>): In an attempt to improve the results,he adds two more explanatory variables: Median Income (x<sub>2</sub>,in $1,000s)and the Mortality Rate (x<sub>3</sub>,per 1,000 residents).The estimated regression equation is: a.Formulate the hypotheses to determine whether Median Income and the Mortality Rate are jointly significant in explaining Poverty. B)Calculate the value of the test statistic. C)At the 5% significance level,find the approximate value of the critical value(s). D)What is the conclusion to the test? a.Formulate the hypotheses to determine whether Median Income and the Mortality Rate are jointly significant in explaining Poverty.
B)Calculate the value of the test statistic.
C)At the 5% significance level,find the approximate value of the critical value(s).
D)What is the conclusion to the test?

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