Figure:
Suppose you regress the number of medals won by countries in the 1996,2000,2004,and 2008 Olympics on GDP Per Capita (Thousands) ,Population (Millions) ,and Olympic Year and that you get the results in Figure 6.1.
-Based on the estimates in Figure 6.1,you should conclude that,holding all other independent variables constant,a $1,000 increase in GDP Per Capita is estimated to
A) increase Total Medals Won by a statistically significant 0.2865 because 0 is not included in the 95% confidence interval.
B) increase Total Medals Won by a statistically insignificant 0.2865 because 0 is included in the 95% confidence interval.
C) increase Total Medals Won by a statistically insignificant 0.2865 because 0.2865 is included in the 95% confidence interval.
D) increase Total Medals Won by a statistically significant 0.2865 because 0.2865 is included in the 95% confidence interval.
Correct Answer:
Verified
Q2: Figure:
Suppose you regress the self-reported number
Q3: Omitted variable bias is a problem because
A)it
Q4: The "holding all other independent variables constant"
Q5: The numerator of the appropriate test
Q6: Suppose you wish to know whether
Q8: In multiple linear regression analysis,the number of
Q9: Figure
Suppose that in the course of
Q10: Figure:
Suppose you regress the self-reported number
Q11: Suppose you wish to know whether
Q12: Multiple linear regression analysis determines the
A)true value
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