The questions below are based on a dataset containing the characteristics of 5,407 households. In particular, we will use the following variables: - size: home size, measured in square feet. - hhinc:...


Figure 1 reports a scatter plot of hhinc (horizontal axis) and size (vertical axis). Do
you see any correlation in the data? Can you conclude that a higher net income
causes a higher home size?


The questions below are based on a dataset containing the characteristics of 5,407<br>households. In particular, we will use the following variables:<br>- size: home size, measured in square feet.<br>- hhinc: annual household net income, measured in euros.<br>- owner. dummy variable equal to 1 if the living space is owned, and 0 if the living<br>space is rented.<br>- hhsize1: dummy variable equal to 1 if the number of household's members is 1 or<br>2, and 0 otherwise.<br>hhsize2: dummy variable equal to 1 if the number of household's members is 3 or<br>4, and 0 otherwise.<br>hhsize3: dummy variable equal to 1 if the number of household's members is 5 or<br>above 5, and 0 otherwise.<br>- edu: education level of household's members.<br>The Appendix contains tables with the critical values of the standard normal distribution and<br>the F distribution.<br>

Extracted text: The questions below are based on a dataset containing the characteristics of 5,407 households. In particular, we will use the following variables: - size: home size, measured in square feet. - hhinc: annual household net income, measured in euros. - owner. dummy variable equal to 1 if the living space is owned, and 0 if the living space is rented. - hhsize1: dummy variable equal to 1 if the number of household's members is 1 or 2, and 0 otherwise. hhsize2: dummy variable equal to 1 if the number of household's members is 3 or 4, and 0 otherwise. hhsize3: dummy variable equal to 1 if the number of household's members is 5 or above 5, and 0 otherwise. - edu: education level of household's members. The Appendix contains tables with the critical values of the standard normal distribution and the F distribution.
100000<br>200000<br>400000<br>300000<br>hhine<br>500000<br>Figure 1<br>000s<br>000<br>000€<br>0002<br>000L<br>

Extracted text: 100000 200000 400000 300000 hhine 500000 Figure 1 000s 000 000€ 0002 000L

Jun 11, 2022
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