5. Suppose that population data on the score of the first exam in an econometrics class,...

 

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5. Suppose that population data on the score of the first exam in an econometrics class, along with hours of study per-day, is collected and reported per-student according to the data below. Study Hours Exam I per Day (H) Scores (S) 1 23, 30, 35, 36, 40, 46 2 35, 40, 44, 47, 50, 55, 58 3 49, 50, 54, 60, 63, 68, 69 4 62, 63, 71, 76, 83 5 75, 80, 84, 93 5.a. Derive the values of the parameters of the population regression model S = E(SH)+e, Bo + BH; +e. = 5.b. Give a brief explanation and explain the meaning of the values of Bo and B you derived in question 5.a. 5.c. Plot a graph of the data along with the PRF. 5.d. Derive the values of all the error terms: e,, where i = 1, 2,..., 29. 5.e. Calculate and report the expected value of the error term, E(e.). 5. Suppose that population data on the score of the first exam in an econometrics class, along with hours of study per-day, is collected and reported per-student according to the data below. Study Hours Exam I per Day (H) Scores (S) 1 23, 30, 35, 36, 40, 46 2 35, 40, 44, 47, 50, 55, 58 3 49, 50, 54, 60, 63, 68, 69 4 62, 63, 71, 76, 83 5 75, 80, 84, 93 5.a. Derive the values of the parameters of the population regression model S = E(SH)+e, Bo + BH; +e. = 5.b. Give a brief explanation and explain the meaning of the values of Bo and B you derived in question 5.a. 5.c. Plot a graph of the data along with the PRF. 5.d. Derive the values of all the error terms: e,, where i = 1, 2,..., 29. 5.e. Calculate and report the expected value of the error term, E(e.).