Cashback Offer from 20th to 25th June 2021. Get Flat 20% Cashback credited to your account for a minimum transaction of $80. Post Your Question Today!

Question DetailsNormal
$ 14.00

ECON 306 Homework 4 complete solutions correct answers key

Question posted by
Online Tutor Profile
request

ECON 306 Homework 4 complete solutions correct answers key

 

Instructions: Please print out and complete the following assignment writing your answers clearly and showing your work directly on the assignment. Please keep a log of your work in STATA and print out and attach all of your results. Use a highlighter to highlight all of your commands in STATA (this will make it easier for the graders to see your work). Follow directions carefully (underlining or circling where indicated in your STATA output). Be sure to turn the assignment in at the beginning of class on Tuesday, March 22. Late homeworks cannot be accepted.

1. (15 points total. 5 parts worth 3 points each.) With this assignment you will find an Excel file called HW4.IPOD.xls. For reference, the variables in this file include:

price = price of IPOD sold on eBay

new = 1 if IPOD is new

scratch = 1 if IPOD is scratched

a. Run the following regression: price = β0+β1*new

b. What is the interpretation of the coefficient on new? (Be specific using the number shown in the STATA output)

c. Hypothesize the sign of the bias, if any, resulting from excluding scratch from the regression. Explain your reasoning.

d. Use STATA to verify (or not) your claim from c). Explain using your STATA output to prove this.

e. Break down the bias into the component pieces (as we did in class) using actual numbers. [Hint you should be running the “shadow regression” to determine the value of α]. Highlight any commands that you use in STATA.

Price

Miles per Gallon

2. (5 points) Suppose you are looking at data on determinants of the price of a new car. The data includes both foreign and domestic cars and provides the number of miles per gallon that each car gets. Using this information, you calculate the following model:

PRICE = 1368.20 + 3221.42*FOREIGN – 0.466*MPG

In the space below, draw two curves that show the relationship between price and miles per gallon for foreign and domestic cars. The graph does not need to be drawn to scale; just be sure to label the y-intercepts, the slopes, and which curve represents foreign cars and which represents domestic: 3. (10 points total. 5 parts worth 2 points each.) With this assignment you will find an Excel file called HW4.Sleep.xls. For reference, the variables in this file include:

sleep = minutes sleep at night, per week

totwrk = min worked per week

educ = years of schooling

yngkid = 1 if children < three yrs old is present

male = 1 if male

a. Run the following regression: sleep = β0 + β1*yngkid + β2*male.

b. Assuming they have no kids, do men or women sleep more? How much more?

c. Run the same regression as above, but this time include an interaction term for male*yngkid. The coefficient for this variable will be β3.

Report the values for the coefficients:

d. How much do females with young kids sleep?

e. How much do males with young kids sleep?

Available Answer
$ 14.00

[Solved] ECON 306 Homework 4 complete solutions correct answers key

  • This solution is not purchased yet.
  • Submitted On 08 Jan, 2017 02:42:13
Answer posted by
Online Tutor Profile
solution
ECON 306 Homework 4 complete solutions correct answers key Instructions: Please print out and complete the following assignment writing your answers clearly and showing your work directly on the assignment. Please keep a log of your work in STATA and print out and attach all of your results. Use a highlighter to highlight all of your commands in STATA (this will make it easier for the graders to see your work). Follow directions carefully (underlining or circling where indicated in your STATA output). Be sure to turn the assignment in at the beginning of class on Tuesday, March 22. Late homeworks cannot be accepted. 1. (15 points total. 5 parts worth 3 points each.) With this assignment you will find an Excel file c...
Buy now to view the complete solution
attachment
Attachment
Other Similar Questions
User Profile
Good_...

Econ 306 Homework 5 Fall 2016

Econ 306 Homework 5 Fall 2016Econ 306 Homework 5 Fall 2016Econ 306 Homework 5 Fall 2016Econ 306 Homework 5 Fall 2016Econ 306 Homework 5 Fall 2016Econ 306 Homework 5 Fall 2016Econ 306 Homework 5 Fall 2016Econ 306 Homework 5 Fa...
User Profile
vpqnr...

ECON 306 Homework 1 complete solutions correct answers key

ECON 306 Homework 1 complete solutions correct answers key Instructions: Please print out and complete the following assignment writing your answers clearly and showing your work directly on the assignment. Please circle your...
User Profile
vpqnr...

ECON 306 Homework 1 complete solutions correct answers key

ECON 306 Homework 1 complete solutions correct answers key Instructions: Please print out and complete the following assignment writing your answers clearly and showing your work directly on the assignment. Please circle your...
User Profile
vpqnr...

ECON 306 Homework 4 complete solutions correct answers key

ECON 306 Homework 4 complete solutions correct answers key Instructions: Please print out and complete the following assignment writing your answers clearly and showing your work directly on the assignment. Please keep a log...
User Profile
vpqnr...

ECON 306 Homework 3 complete solutions correct answers key

ECON 306 Homework 3 complete solutions correct answers key Instructions: Please print out and complete the following assignment writing your answers clearly and showing your work directly on the assignment. Please keep a log...

The benefits of buying study notes from CourseMerit

homeworkhelptime
Assurance Of Timely Delivery
We value your patience, and to ensure you always receive your homework help within the promised time, our dedicated team of tutors begins their work as soon as the request arrives.
tutoring
Best Price In The Market
All the services that are available on our page cost only a nominal amount of money. In fact, the prices are lower than the industry standards. You can always expect value for money from us.
tutorsupport
Uninterrupted 24/7 Support
Our customer support wing remains online 24x7 to provide you seamless assistance. Also, when you post a query or a request here, you can expect an immediate response from our side.
closebutton

$ 629.35