According to the Chronicle of Higher Education Almanac, 4-year private colleges charge, on average, five times as
Question:
a. Which of the procedures described in Chapter 8 could be used to estimate the difference in mean charges between private and public colleges?
b. Propose a regression model involving the qualitative independent variable type of college that could be used to investigate the difference between the means. Be sure to specify the coding scheme for the dummy variable in the model.
c. Explain how the regression model you developed in part b could be used to estimate the difference between the population means.
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Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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