eco 391 exam 2 AD uky questions and
answers graded A+
Whether a dummy variable takes the value "0" or "1" affects which of the following in a
regression equation?
a. the response variable
b. intercept
c. error term
d. none of the above - correct answer ✔✔intercept
If a regression equation includes 3 dummy variables for nationality, how many different
nationalities can we make inferences about from this regression equation? - correct answer
✔✔4
always one dummy variable less than regular variables
which of the following is our goal when performing regression analysis? - correct answer ✔✔to
minimize the sum of squared residuals (SSE)
which of the following P-values will lead to a rejection of the null hypothesis at the 95%
confidence level?
p-value= 0.04
p-value= 0.10
answers graded A+
Whether a dummy variable takes the value "0" or "1" affects which of the following in a
regression equation?
a. the response variable
b. intercept
c. error term
d. none of the above - correct answer ✔✔intercept
If a regression equation includes 3 dummy variables for nationality, how many different
nationalities can we make inferences about from this regression equation? - correct answer
✔✔4
always one dummy variable less than regular variables
which of the following is our goal when performing regression analysis? - correct answer ✔✔to
minimize the sum of squared residuals (SSE)
which of the following P-values will lead to a rejection of the null hypothesis at the 95%
confidence level?
p-value= 0.04
p-value= 0.10
