Using 50 observations, the following regression output is obtained from estimating y 0 1 x 2 d 1 3 d 2 a Compute y for x 250, d 1 1 and d 2 0 then compute y for x 250, d 1 0 and d 2 1 b Interpret d 1 and d 2 Are both dummy variables individually significant at the 5 level Explain Standard Coefficie...

a With With b The coefficient of 1322 for d 1 impl ...

Using 50 observations, the following regression output is obtained from estimating y = 0 +

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Using 50 observations, the following regression output is obtained from estimating y = β₀ + β₁x + β₂d₁ + β₃d₂ + .

Standard Coefficients Error tStat p-value Intercept -0.61 0.23 -2.75 0.0074 3.12 1.04 3.01 0.0034 -13.22 15.65 -0.85 0.4006 da 5.35 1.25 4.27 0.0000

a. Compute y̅ for x = 250, d₁ = 1 and d₂ = 0; then compute y̅ for x = 250, d₁ = 0 and d₂ = 1.

b. Interpret d₁ and d₂. Are both dummy variables individually significant at the 5% level? Explain.

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Essentials Of Business Statistics Communicating With Numbers

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Using 50 observations, the following regression output is obtained from estimating y = 0 +

Question:

Standard Coefficients Error tStat p-value Intercept -0.61 0.23 -2.75 0.0074 3.12 1.04 3.01 0.0034 -13.22 15.65 -0.85 0.4006 da 5.35 1.25 4.27 0.0000

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Essentials Of Business Statistics Communicating With Numbers

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