Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Consider the regression model Salary= B1+B2WorkExperience+u

Suppose we have another variable Region which captures where the individuals in our data set live, and

Region = 1 if they live in the north

Region = 2 if they live in the south

Region = 3 if they live in the east

Region = 4 if they live in the west

We believe that Region affects the intercept of the linear relationship between Salary and WorkExperience.

If we wish to account for this in our model, how many additional regressors need to be included in our regression model.

A 3

B 4

C 6

D 7

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92850839
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

You are working for a large corporation and oversee a

You are working for a large corporation and oversee a marketing research project. For this study, your questionnaire length is 10 minutes and the incidence is 35%, yielding a CPI is $23.00. Your company requires all rese ...

Approximately once a month cars are shipped from rotterdam

Approximately once a month cars are shipped from Rotterdam, Holland to Lagos, Nigeria. The past data collection indicates that the weight of a car is normally distributed with the mean of 1,070 kg and the  standard devia ...

Question 1co6 from a random sample of 68 businesses it is

Question 1 (CO6) From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is 4.9 hours with a standard deviation of 0.35 hours. What is the 95% confidence in ...

Amy currently has 500 in an account with an annual rate of

Amy currently has $500 in an account with an annual rate of return of 4.3%. She wants to have $3000 for a trip to Florida when she graduates in 2 years. How much will she have to save each month to afford her trip?

A company is considering replacing its fleet of jets with

A company is considering replacing its fleet of jets with new ones, but only if they can reduce 5 days off the current 30 day delivery time. The company has purchased 5 new jets and done a sample of 15 trips. The sample ...

A student recieves the grades shown below with an a worth 4

A student recieves the grades shown below, with an A worth 4 points, a B worth 3 points, a C worth 2 points, and a D worth 1 point. What is the students grade point average? A in 1 four - credit classes C in 1 three - cr ...

Given the probability distribution functionx 0 1

Given the probability distribution function: x 0 1 2 Probability 0.25 0.50 0.25 a. Graph the probability distribution function. b. Calculate and graph the cumulative probability distribution. c. Find the mean of the rand ...

According to the same national collegiate athletic

According to the same National Collegiate Athletic Association data, the means and standard deviations of eligibility and retention rates (based on a 1,000-point scale) for the 2013-2014 academic year are presented, alon ...

1 summary statistics for returns on two stocks x and y are

1. Summary statistics for returns on two stocks X and Y are listed below. Mean Variance Stock X 2.83% 0.006000 Stock Y 5.98% 0.003000 The covariance of returns on stocks X and Y is 0.001500. Consider a portfolio of 80% s ...

Suppose you sell a fixed asset for 121000 when its book

Suppose you sell a fixed asset for $121,000 when it's book value is $147,000. If your company's marginal tax rate is 35%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As