IConsider the following multiple linear regression model and the Excel print out of its regression results: Beer = Bo + BIEDUC + B2AGE + BAGE? + BAGENDER + BERACE+ BEGENDER*RACE+ E, where Beer is...


ONLY ANSWER PARTS F AND G SHOWN IN THE SECOND PICTURE. PREVIOUS PARTS (A-E) HAVE ALREADY BEEN ASKED SEPERATELY


IConsider the following multiple linear regression model and the Excel<br>print out of its regression results:<br>Beer = Bo + BIEDUC + B2AGE + BAGE? + BAGENDER + BERACE+ BEGENDER*RACE+ E, where<br>Beer is monthly beer consumption (ounces), EDUC is years of education. We have 2 qualitative variables:<br>gender and race. Gender takes 2 values, GEN=1 if the person is male and GEN=0 for females. The<br>variable race also takes 2 values, RACE=1 if the person is white and RACE=0 if the person is not white.<br>SUMMARY OUTPUT<br>Regression Statistics<br>R Square<br>Adjusted R Square<br>Standard Error<br>Observations<br>???<br>0.4684<br>???<br>40<br>ANOVA<br>df<br>MS<br>Regression<br>Residual<br>???<br>319.3<br>64.8<br>???<br>???<br>???<br>8.43<br>Total<br>???<br>597.5<br>Coefficients<br>Standard Error<br>Intercept<br>-150.254<br>107.397<br>EDUC<br>-16.7755<br>8.4579<br>75.45905<br>-1.72456<br>AGE<br>37.3261<br>AGE<br>0.5397<br>GEN<br>238.9424<br>81.6054<br>RACE<br>123.7404<br>103.1804<br>GEN. RACE<br>76.4308<br>51.0670<br>a. Calculate the missing numbers (???).<br>b.Interpret the parameter of RACE (123.74).<br>c. Is the parameter of RACE (Bs) significant? Use a = 0.05 and interpret your results.<br>d. Interpret the adjusted R?.<br>e.Conduct a test of Global Usefulness of the model (test of goodness of fit) using a=0.05. Interpret the<br>results of the test. Make sure to specify the null and the alternative hypotheses, test statistics and its<br>distribution, and the critical value, and interpret the results.<br>

Extracted text: IConsider the following multiple linear regression model and the Excel print out of its regression results: Beer = Bo + BIEDUC + B2AGE + BAGE? + BAGENDER + BERACE+ BEGENDER*RACE+ E, where Beer is monthly beer consumption (ounces), EDUC is years of education. We have 2 qualitative variables: gender and race. Gender takes 2 values, GEN=1 if the person is male and GEN=0 for females. The variable race also takes 2 values, RACE=1 if the person is white and RACE=0 if the person is not white. SUMMARY OUTPUT Regression Statistics R Square Adjusted R Square Standard Error Observations ??? 0.4684 ??? 40 ANOVA df MS Regression Residual ??? 319.3 64.8 ??? ??? ??? 8.43 Total ??? 597.5 Coefficients Standard Error Intercept -150.254 107.397 EDUC -16.7755 8.4579 75.45905 -1.72456 AGE 37.3261 AGE 0.5397 GEN 238.9424 81.6054 RACE 123.7404 103.1804 GEN. RACE 76.4308 51.0670 a. Calculate the missing numbers (???). b.Interpret the parameter of RACE (123.74). c. Is the parameter of RACE (Bs) significant? Use a = 0.05 and interpret your results. d. Interpret the adjusted R?. e.Conduct a test of Global Usefulness of the model (test of goodness of fit) using a=0.05. Interpret the results of the test. Make sure to specify the null and the alternative hypotheses, test statistics and its distribution, and the critical value, and interpret the results.
f. Test the following null hypothesis at a=0.05. You must identify the complete and reduced models, test<br>statistics, decision rules, and interoret the results.<br>Given SSEReduced=314.5, and R?Reduced=0.4736<br>Ho: Bs= Be=0<br>Ha: Null is not true<br>g.For a non-white female with 12 years of education, find the age at which beer consumption is maximum<br>and find the maximum beer consumption.<br>

Extracted text: f. Test the following null hypothesis at a=0.05. You must identify the complete and reduced models, test statistics, decision rules, and interoret the results. Given SSEReduced=314.5, and R?Reduced=0.4736 Ho: Bs= Be=0 Ha: Null is not true g.For a non-white female with 12 years of education, find the age at which beer consumption is maximum and find the maximum beer consumption.
Jun 04, 2022
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