What are the model constant and the slope coefficient of x 1 when the dummy variable equals 1 in the following equations, where x 1 is a continuous variable and x 2 is a dummy variable with a value of 0 or 1 a y 4 5 9 2x 1 1 3x 2 4 3x 1 x 2 b y 6 8 10 4x 1 3 5x 2 1 8x 1 x 2 c y 11 3 3 4x 1 9 8x 2 1...

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What are the model constant and the slope coefficient of x 1 when the dummy variable equals

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What are the model constant and the slope coefficient of x₁ when the dummy variable equals 1 in the following equations, where x₁ is a continuous variable and x₂is a dummy variable with a value of 0 or 1?

a. ŷ = 4.5 + 9.2x₁- 1.3x₂ + 4.3x₁x₂
b. ŷ = -6.8 + 10.4x₁ + 3.5x₂ - 1.8x₁x₂
c. ŷ = 11.3 - 3.4x₁ + 9.8x₂ + 10.5x₁x₂

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Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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Question Posted: Nov 17, 2022 02:06 AM

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What are the model constant and the slope coefficient of x 1 when the dummy variable equals

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