A nutritionist wants to understand the influence of income and healthy food on the incidence of smoking.
Question:
A nutritionist wants to understand the influence of income and healthy food on the incidence of smoking. He collects 2009 data on the percentage of smokers in each state in the U.S. and the corresponding median income and the percentage of the population that regularly eats fruits and vegetables. A portion of the data is shown in the accompanying table.
a. Estimate: Smoke = β0 + β1 Fruits/Vegetables + β2 Median Income + ε.
b. Compare this model with a model that log trans forms the median income variable.
Transcribed Image Text:
State AK AL Smoke (%) 14.6 16.4 Fruits/ Vegetables (%) 23.3 20.3 Median Income 61604 39980 52470 WY 15.2 23.3
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
a The regression results for both models are in the following table b Since Models 1 ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
Question Posted:
Students also viewed these Statistics questions
-
A nutritionist wants to find the least expensive combination of two foods that meet minimum daily vitamin requirements, which are 5 units of A and 30 units of B. Each ounce of food I provides 2 units...
-
A CPA wants to understand the difference between the duty of confidentiality and the accountant-client privilege. She lives in a state in which an accountant-client privilege has been enacted. A key...
-
A nutritionist wants to estimate the difference between the percentage of men and women who have high cholesterol. What sample size should be obtained if she wishes the estimate to be within 2...
-
Apply normalization (1NF, 2NF and 3NF) of the system description given below and justify why relation needs 1NF, 2NF, and 3NF or not. At the end shift normalized data into Un-Normalized Data. S ystem...
-
On May 1, Melforth Realty Company offered to sell Greenacre to Dallas, Inc., for $1 million. The offer was made by telegraph and stated that the offer would expire on May 15. Dallas decided to...
-
Certain item descriptions and amounts are missing from the monthly schedule of cost of goods manufactured and income statement of Maria Manufacturing Company. Fill in the blanks with the missing...
-
Develop the appropriate primary research question to be associated with this design. Develop a hypothetical research scenario that would necessitate the use of the Action Research Approach and a...
-
Jalapenos! is based in Pleasant Hill, California. The merchandising company has three divisions: Clothing, Food, and Spices. The Clothing division has two main product lines: T-shirts and...
-
Which statement about the acquisition of Rohm and Hass by Dow is correct? Group of answer choices The Revlon Standard implied that Rohm could not consider the welfare of its employees in the...
-
Give a specific example of data that might be gathered from each of the following business disciplines: accounting, finance, human resources, marketing, information systems, production, and...
-
The operators manager at an electronics company believes that the time required for workers to build a circuit board is not necessarily proportional to the number of parts on the board. He wants to...
-
The accompanying table shows a portion of the monthly data on the personal savings rate (Savings) and personal disposable income (Income) in the U.S. from January 2007 to November 2010. a. Compare...
-
A uniform line charge of linear charge density = 3.5 nC/m extends from x = 0 to x = 5 m. (a) What is the total charge? Find the electric field on the x axis at (b) x = 6 m, (c) x = 9 m, and (d) x =...
-
Transvaal Ltd currently has debt outstanding with a market value of R980,000 and a cost of 10 per cent. The company has an EBIT of R98,000 that is expected to continue in perpetuity. Assume there are...
-
Hoy plc has a profit before interest and taxes of 900,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 17 per cent, and the corporate tax rate...
-
How is the APV of a project calculated? What about the FTE? What is the main difference between the APV, FTE and WACC?
-
1 Andrew and Gilstad (2005) write that business schools typically teach that leasing is a zerosum game. However, the economic assumptions that lead to this belief often are not true. These incorrect...
-
Compare and contrast the three methods of capital budgeting. What are their strengths and weaknesses? When and why should you use each method instead of the other two? Are the three methods...
-
An aqueous sodium hydroxide solution mixed with an aqueous magnesium nitrate solution yields which of the following products? a. Magnesium hydroxide(aq) b. Magnesium dihydroxide(s) c. Magnesium...
-
AB CORPORATION ISSUED THE FOLLOWING 850 COMMON STOCKS PAR VALUE P100 750 PARTICIPATING PREFERRED STOCKS PAR VALUE P100 AT 3% AB CORPORATION DECLARED P100,000.00 DIVIDEND IN 2022.
-
In a simple linear regression based on 25 observations, the following intermediate data are given: (yi - )2 = 1250 and (yi - )2 = 1500. a. Calculate se2 and se. b. Calculate R2.
-
In a simple linear regression based on 30 observations, it is found that SSE = 2540 and SST = 13,870. a. Calculate se2 and se. b. Calculate R2.
-
In a multiple regression with two explanatory variables, the following intermediate data are given: n = 50, (yi - )2 = 35 , and (yi - )2 = 90. a. Calculate the standard error of the estimate. b....
-
You want to invest $25,000 for 24 months at 8 % % p.a. Calculate and compare the bottom-line figures if the interest is compounded semi-annually and if the interest is simple interest. Type your...
-
Every year, Americans celebrate "Tax Freedom Day." Computed by the tax foundation, tax freedom day represents the date on which the average taxpayer has paid off his or her taxes for the year. It is...
-
Futures contracts are traded: a. On exchanges but not with forward contracts. b. With forward contracts but not with option contracts c. On exchanges with forward contracts. d. No given answer Clear...
Study smarter with the SolutionInn App