Question: Explain how you will formulate a model explaining the following. In each case the sample consists of some observations for which the dependent variable is

Explain how you will formulate a model explaining the following. In each case the sample consists of some observations for which the dependent variable is zero. Suggest a list of explanatory variables in each case.

(a) Automobile expenditures (in a year) of a number of families.

(b) Hours worked by a group of married women.

(c) Amount of child support received by a number of working wives.

(d) Medical expenditures of a number of families.

(e) Amount of loan granited by a bank to a number of applicants.

(f) Amount of financial aid received by a group of students at a college.

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