Question: Use the data in LOANAPP for this exercise. (i) How many observations have obrat . 40, that is, other debt obligations more than 40% of

Use the data in LOANAPP for this exercise.

(i) How many observations have obrat . 40, that is, other debt obligations more than 40% of total income?

(ii) Reestimate the model in part (iii) of Computer Exercise C8, excluding observations with obrat . 40. What happens to the estimate and t statistic on white?

(iii) Does it appear that the estimate of bwhite is overly sensitive to the sample used?

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