Question: Can you please help me with this practice question I am stuck with Econ 3210 Midterm, Page 3 of 12 October, 2015 (d) The OLS

Can you please help me with this practice question I am stuck with

with Econ 3210 Midterm, Page 3 of 12 October, 2015 (d) The

Econ 3210 Midterm, Page 3 of 12 October, 2015 (d) The OLS estimates are given by the equation: Y7 = 49 + 0.24 . X (a) What is the average test score for students in the short exam? (b) (5 marks) How do you think average test scores would change if students are given an extra ten minutes?Econ 3210 Midterm, Page 4 of 12 October, 2015 (c) (5 marks) Show how you would compute the residuals (the us) using the sample regression function and compute the average value of the residual for all 400 students

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