Question
Using Excel, run a simple regression. where the number of cigarettes smoked is explained ONLY by the person's annual income (column D). You don't need
Using Excel, run a simple regression. where the number of cigarettes smoked is explained ONLY by the person's annual income (column D). You don't need the residuals or the plots at all so if they're checked, uncheck them. Have it put the results in N2. Interpret the coefficient on price (coefficient and p-value). b. Now run new variable in column E that is annual income squared. Run a second regression where Cigarettes smoked is explained by income and income2 . Put the results in N22. Interpret the results (and don't worry about the p-value here, the squared term won't be statistically significant). c. Now run a new variable in column J that is the inverse of Miles from nearest store (so 1/Miles from Nearest Store). Run a regression where cigarettes smoked is explained by Miles from Store and the inverse of that. Put the results in N43. Interpret those results (and don't worry about the p-value here, the inverse term won't be statistically significant. d. One last regression! Run a regression where the cigarettes smoked is explained by the information campaign. What kind of variable is the information campaign? Put the results in N64. Interpret the coefficient
Cigarettes Smoked This Year | Price of cigarette | Age of Person | Annual Income (in 10,000 $s) | Annual Income (in 10,000 $s) Squared | Under 18 Law | Under 21 Law | Information Campaigns | Miles from nearest Store | 1/Miles from nearest store |
2050 | 2.65 | 28 | 1639 | 1 | 1 | 0 | 7 | ||
2080 | 2.6 | 15 | 1088 | 1 | 1 | 0 | 4 | ||
2150 | 2.664 | 21 | 1193 | 1 | 1 | 0 | 5 | ||
2150 | 2.921 | 18 | 1635 | 1 | 1 | 0 | 6 | ||
1999 | 2.58 | 19 | 1732 | 1 | 1 | 0 | 4 | ||
1900 | 2.58 | 19 | 1534 | 1 | 0 | 0 | 4 | ||
1800 | 2.774 | 17 | 1765 | 1 | 0 | 0 | 4 | ||
1560 | 1.92 | 16 | 1161 | 1 | 1 | 0 | 5 | ||
1449 | 1.71 | 16 | 1010 | 1 | 1 | 0 | 3 | ||
1375 | 1.837 | 19 | 1191 | 1 | 0 | 0 | 5 | ||
1270 | 1.88 | 23 | 930 | 1 | 0 | 0 | 6 | ||
1250 | 2.15 | 30 | 984 | 1 | 0 | 0 | 3 | ||
1235 | 1.894 | 29 | 1112 | 1 | 1 | 0 | 5 | ||
1170 | 1.928 | 33 | 600 | 1 | 1 | 0 | 8 | ||
1180 | 1.83 | 15 | 733 | 1 | 0 | 0 | 3 | ||
1155 | 1.767 | 31 | 794 | 1 | 0 | 0 | 4 | ||
1110 | 1.63 | 30 | 867 | 1 | 0 | 1 | 3 | ||
1139 | 1.68 | 32 | 750 | 1 | 0 | 1 | 4 | ||
995 | 1.725 | 15 | 923 | 1 | 0 | 0 | 3 | ||
995 | 1.5 | 30 | 743 | 1 | 0 | 0 | 4 | ||
975 | 1.43 | 15 | 752 | 1 | 0 | 0 | 3 | ||
975 | 1.36 | 15 | 696 | 1 | 0 | 0 | 4 | ||
900 | 1.4 | 31 | 731 | 1 | 0 | 1 | 2 | ||
960 | 1.573 | 32 | 768 | 1 | 0 | 0 | 6 | ||
860 | 1.385 | 15 | 653 | 1 | 0 | 0 | 2 | ||
1695 | 2.931 | 43 | 1142 | 1 | 0 | 1 | 3 | ||
1553 | 2.2 | 43 | 1035 | 1 | 0 | 0 | 4 | ||
1300 | 2 | 15 | 1076 | 1 | 1 | 0 | 3 | ||
1020 | 1.478 | 68 | 626 | 1 | 0 | 1 | 3 | ||
1020 | 1.713 | 45 | 600 | 1 | 0 | 1 | 4 | ||
922 | 1.326 | 15 | 668 | 1 | 0 | 0 | 4 | ||
925 | 1.05 | 15 | 553 | 1 | 0 | 1 | 2 | ||
899 | 1.464 | 15 | 566 | 1 | 1 | 0 | 2 | ||
850 | 1.19 | 56 | 600 | 1 | 0 | 0 | 1 | ||
890 | 1.746 | 15 | 591 | 1 | 0 | 0 | 2 | ||
870 | 1.28 | 15 | 599 | 1 | 0 | 0 | 1 | ||
700 | 1.215 | 15 | 477 | 1 | 0 | 0 | 3 | ||
720 | 1.121 | 61 | 398 | 1 | 0 | 0 | 4 | ||
749 | 1.733 | 58 | 656 | 1 | 0 | 0 | 6 | ||
731 | 1.299 | 15 | 585 | 1 | 0 | 0 | 6 | ||
725 | 1.14 | 15 | 490 | 1 | 0 | 1 | 3 | ||
670 | 1.181 | 15 | 440 | 1 | 0 | 0 | 4 | ||
2150 | 2.848 | 19 | 1487 | 1 | 1 | 0 | 6 | ||
1599 | 2.44 | 15 | 1265 | 1 | 1 | 0 | 5 | ||
1350 | 2.253 | 38 | 939 | 1 | 1 | 0 | 4 | ||
1299 | 2.743 | 40 | 1232 | 1 | 1 | 1 | 5 | ||
1250 | 2.18 | 32 | 1141 | 1 | 0 | 1 | 4 | ||
1239 | 1.706 | 29 | 810 | 1 | 0 | 0 | 4 | ||
1200 | 1.948 | 15 | 899 | 1 | 0 | 0 | 4 | ||
1125 | 1.71 | 31 | 800 | 1 | 1 | 0 | 4 | ||
1100 | 1.657 | 15 | 865 | 1 | 0 | 0 | 4 | ||
1080 | 2.2 | 41 | 1076 | 1 | 0 | 0 | 4 | ||
1050 | 1.68 | 28 | 875 | 1 | 0 | 0 | 4 | ||
1049 | 1.9 | 49 | 690 | 1 | 0 | 0 | 3 | ||
955 | 1.565 | 15 | 648 | 1 | 1 | 0 | 3 | ||
934 | 1.543 | 35 | 820 | 1 | 0 | 0 | 3 | ||
875 | 1.173 | 21 | 456 | 1 | 0 | 0 | 4 | ||
889 | 1.549 | 15 | 723 | 1 | 0 | 0 | 4 | ||
855 | 1.9 | 15 | 780 | 1 | 0 | 0 | 3 | ||
835 | 1.56 | 15 | 638 | 1 | 0 | 1 | 5 | ||
810 | 1.365 | 15 | 673 | 1 | 0 | 0 | 2 | ||
805 | 1.258 | 22 | 821 | 1 | 0 | 1 | 4 | ||
799 | 1.314 | 15 | 671 | 1 | 0 | 0 | 2 | ||
750 | 1.338 | 15 | 649 | 1 | 0 | 1 | 3 | ||
759 | 0.997 | 19 | 461 | 1 | 0 | 0 | 4 | ||
750 | 1.03 | 15 | 486 | 1 | 0 | 0 | 1 | ||
730 | 1.027 | 15 | 427 | 1 | 0 | 0 | 3 | ||
729 | 1.007 | 34 | 513 | 1 | 0 | 0 | 6 | ||
710 | 1.083 | 37 | 504 | 1 | 0 | 0 | 4 | ||
670 | 1.35 | 15 | 622 | 1 | 0 | 0 | 2 | ||
619 | 0.837 | 15 | 342 | 1 | 0 | 0 | 2 | ||
1295 | 3.75 | 15 | 1200 | 0 | 1 | 1 | 4 | ||
975 | 1.5 | 22 | 700 | 0 | 1 | 1 | 3 | ||
939 | 1.428 | 55 | 701 | 0 | 0 | 0 | 2 | ||
820 | 1.375 | 15 | 585 | 0 | 0 | 0 | 1 | ||
780 | 1.08 | 15 | 600 | 0 | 1 | 0 | 3 | ||
770 | 0.9 | 15 | 391 | 0 | 0 | 0 | 3 | ||
700 | 1.505 | 15 | 591 | 0 | 0 | 1 | 2 | ||
540 | 1.142 | 15 | 223 | 0 | 0 | 0 | 1 | ||
1070 | 1.464 | 15 | 376 | 0 | 0 | 0 | 2 | ||
2100 | 2.116 | 40 | 1209 | 0 | 1 | 0 | 3 | ||
725 | 1.28 | 15 | 447 | 0 | 0 | 0 | 3 | ||
660 | 1.159 | 15 | 225 | 0 | 0 | 0 | 1 | ||
580 | 1.051 | 30 | 426 | 0 | 0 | 0 | 2 | ||
1844 | 2.25 | 55 | 915 | 0 | 1 | 0 | 6 | ||
1580 | 2.563 | 15 | 1189 | 0 | 1 | 0 | 2 | ||
699 | 1.4 | 60 | 481 | 0 | 1 | 1 | 1 | ||
1160 | 1.72 | 20 | 867 | 0 | 0 | 0 | 4 | ||
1109 | 1.74 | 19 | 816 | 0 | 0 | 0 | 3 | ||
1129 | 1.7 | 21 | 725 | 0 | 0 | 0 | 4 | ||
1050 | 1.62 | 21 | 800 | 0 | 0 | 0 | 4 | ||
1045 | 1.63 | 21 | 750 | 0 | 0 | 0 | 4 | ||
1050 | 1.92 | 23 | 944 | 0 | 0 | 0 | 4 | ||
1020 | 1.606 | 20 | 811 | 0 | 0 | 0 | 4 | ||
1000 | 1.535 | 22 | 668 | 0 | 0 | 1 | 5 | ||
1030 | 1.54 | 21 | 826 | 0 | 0 | 1 | 2 | ||
975 | 1.739 | 28 | 880 | 0 | 0 | 0 | 3 | ||
950 | 1.715 | 15 | 900 | 0 | 0 | 0 | 3 | ||
940 | 1.305 | 20 | 647 | 0 | 0 | 0 | 3 | ||
920 | 1.415 | 22 | 866 | 0 | 0 | 0 | 4 | ||
945 | 1.58 | 24 | 810 | 0 | 0 | 0 | 3 | ||
874 | 1.236 | 18 | 707 | 0 | 0 | 0 | 4 | ||
872 | 1.229 | 21 | 721 | 0 | 0 | 0 | 3 | ||
870 | 1.273 | 19 | 638 | 0 | 0 | 0 | 4 | ||
869 | 1.165 | 22 | 694 | 0 | 0 | 0 | 4 | ||
766 | 1.2 | 22 | 634 | 0 | 0 | 1 | 4 | ||
739 | 0.97 | 19 | 541 | 0 | 0 | 1 | 4 |
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