Question: C9.4 Use the data for the year 1990 in INFMRT.RAW for this exercis IN (i) Reestimate equation (9.37), but now include a dummy variable for

C9.4 Use the data for the year 1990 in INFMRT.RAW for this exercis IN (i) Reestimate equation (9.37), but now include a dummy variable for the observation on the District of Columbia (called DC). Interpret the coefficient on DC and comment on its size and significance. (ii) Compare the estimates and standard errors from part (i) with those from equation (9.38). What do you conclude about including a dummy vari- able for a single observation?

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