Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Model 1: OLS, using observations 1-706 Dependent variable: RST coefficient sid. error t-ratio p-value const 3586.38 38.9124 92.17 0.0000*# TOTWRK -0.150746 0.0167403 -9.005 1.99e-18*#

image text in transcribedimage text in transcribed
1. Model 1: OLS, using observations 1-706 Dependent variable: RST coefficient sid. error t-ratio p-value const 3586.38 38.9124 92.17 0.0000*# TOTWRK -0.150746 0.0167403 -9.005 1.99e-18*# Mean dependent var 3266.356 S.D. dependent var 444.4134 Sum squared resid 1.25e+08 S.E. of regression 421.1357 R-squared 0.103287 Adjusted R-squared 0.102014 F(1. 704) 81.08987 P-value(F) 1.99e-18 Log-likelihood -5267.096 Akaike criterion 10538.19 Schwarz criterion 10547.31 Hannan-Quinn 10541.71 (38.9124) (0.0167403) RST. = 3586. 38 - 0. 150746TOTWRK, + 421. 1357 R = 0. 103287, SER = 38. 9124(0. 0167403EST: = n + 31T01WRK1+ w RST: Rest time (i.e., total minutes of sleeping, resting the and/or personal activities during the week) TOTWRK: Work we (i.e., total minutes of paid work during each week) 2. (A) Interpret the estimated values of (i) the intercept and (ii) the slope you obtained in Part (1) above. What do each of the two coefcients rcpresent? Does the estimated intercept make sense? Briey explain Why or why not. Does the estimated slope make sense? Briey explain why or Why not. (B) Furthermore, based on your interpretations, calculate the amount of daily rest time (in hours) for a person with zero TOTWRK

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra

Authors: Cynthia Y Young

4th Edition

1119320682, 9781119320685

More Books

Students also viewed these Mathematics questions

Question

What is Larmors formula? Explain with a suitable example.

Answered: 1 week ago