Question: Table 12.8 (on the textbook's Web site) gives data on the dependent variable, the final grade on the intermediate macroeconomics examination (V), such that V

Table 12.8 (on the textbook's Web site) gives data on the dependent variable, the final grade on the intermediate macroeconomics examination (V), such that V = 1 if the final grade is an A and V = 0 if the final grade is a B or C, and explanatory variables GPA = the entering grade-point average, TUCE = the score on an examination given at the beginning of the term to test macroeconomics knowledge of entering students, and PSI = 1 if the new method of personalized system of instructions is used and 0 if otherwise. These data pertain to 32 students. The primary objective of this study was to assess the effectiveness of PSI on the final grade.
a. Estimate a linear probability model for the data given in Table 12-8.
b. Using any computer software package (e.g., MINITAB, EViews, SHAZAM, etc.), estimate a logit model for the same data.
c. Compare and comment on the results obtained in parts (a) and (b).

Step by Step Solution

★★★★★

3.40 Rating (172 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

aUsing EViews we obtained the following LPM regression Dependent Variable Y Sample 1 32 Variable Coefficient Std Error tStatistic Prob C 1498017 05238... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

849-M-E-E-A (412).docx

120 KBs Word File

Students Have Also Explored These Related Econometric Questions!

Table 7-8 on the textbook's Web site gives data on variables that might affect the demand for chickens in the United States. The dependent variable here is the per capita consumption of chickens, and...

Table 8-7 on the textbook's Web site gives data on imports, GDP, and the Consumer Price Index (CPI) for the United States over the period 1975-2005. You are asked to consider the following model: In...

Table 8-8 on the textbook's Web site gives data on new passenger cars sold in the United States as a function of several variables. a. Develop a suitable linear or log-linear model to estimate a...

Center for Learning and Technology COURSE SYLLABUS PRINCIPLES OF STATISTICS STA-201-GS Course Syllabus PRINCIPLES OF STATISTICS STA-201-GS Thomas Edison State College May 2015 Course Essentials...

Can you list the hypotheses if there is any? Can you identify the independent/dependent variables or predictor /criterion variables? Is there any covariates in the study and can you identify them?...

ADMN 233 Assignment 4 Assignment 4 Instructions Assignment 4 is worth 20% of your final mark. It should be completed and submitted after you finish Chapter 13 in your textbook. This assignment is...

Study Guide Healthcare Statistics By Jacqueline K. Wilson, RHIA About the Author Jacqueline K. Wilson is a Registered Health Information Administrator (RHIA) who has more than ten years of experience...

Study Guide Strategic Business Management By A. J. Cataldo About the Author A. J. Cataldo is currently a professor of accounting at West Chester University, in West Chester, Pennsylvania. He holds a...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

summarize the main idea of each article, discuss issues being highlighted briefly, give opinion pertaining the coverage of each article and provide recommendations for each issue in the article....

The personnel director of a large firm has summarized a random sample of last years absentee reports in the accompanying contingency table. At the 0.01 level of significance, test the independence of...

Each of the following scenarios is independent. Assume that all cash flows are after- tax cash flows. a. Cuenca Company is considering the purchase of new equipment that will speed up the process for...

Ryan estimates that he drove approximately 1 , 3 8 0 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 1 , 2 5 0 miles. What business...

Why is stock price volatility more likely to imply risk than earnings volatility?

In a semiconductor manufacturing process, three wafers from a lot are tested. Each wafer is classified as pass or fail. Assume that the probability that a wafer passes the test is 0.8 and that wafers...

The distributor of a machine for cytogenics has developed a new model. The company estimates that when it is introduced into the market, it will be very successful with a probability 0.6, moderately...

An assembly consists of two mechanical components. Suppose that the probabilities that the first and second components meet specifications are 0.95 and 0.98. Assume that the components are...

I need help with this probability question!! Thank you! Each front tire on a particular type of vehicle is supposed to be filled to a pressure of 26 psi. Suppose the actual air pressure in each tire...

Good old XYZorp (they're back!)? is considering two mutually exclusive projects? A & B in order to expand their product line? After letting the cost accountants out of their cages, it was determined...

Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of...