A sociologist estimates the following regression relating Poverty (y)to Education (x₁): 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.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?

Question

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.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?

Quizplus · Accepted Answer

The Answer of A sociologist estimates the following regression relating Poverty (y)to Education (x₁): 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.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 Sociologist Estimates the Following Regression Relating Poverty (Y)to Education