Develop a multiple regression model with the position on the question, should the government reduce income differences
Question:
Develop a multiple regression model with the position on the question, should the government reduce income differences (EQWLTH: 1 = Government should reduce income differences; 2, 3, 4, 5, 6, 7 = No government action) as the dependent variable and age (AGE), education (EDUC), income (RINCOME), weekly hours of work (HRS1), and party (PARTYID3: 1 = Democrat, 2 = Independent, 3 = Republican) as independent variables.
a. Is there sufficient evidence to infer that Democrats are more likely than Independents to believe that government should reduce income differences after removing the effects of age, income, education, and weekly hours?
b. Is there sufficient evidence to infer that Republicans are more likely than Independents to believe that government should take no action to reduce income differences after removing the effects of age, income, education, and weekly hours?
Step by Step Answer:
Let I 1 1 if Democrat PARTYID3 1 0 if not I 2 1 if Republican PARTYID3 3 0 if not a H 0 5 0 H 1 5 0 ...View the full answer
