question archive The following equation represents a regression model for the number of children in a family:Children = β0 + β1motherseduc + β2fatherseduc + β3familyincome + u,Where children is the number of children, motherseduc and fatherseduc are the years of education of the mother and father respectively and familyincome is the income of the family
The following equation represents a regression model for the number of children in a family:Children = β0 + β1motherseduc + β2fatherseduc + β3familyincome + u,Where children is the number of children, motherseduc and fatherseduc are the years of education of the mother and father respectively and familyincome is the income of the family
Subject:EconomicsPrice: Bought3
The following equation represents a regression model for the number of children in a family:Children = β0 + β1motherseduc + β2fatherseduc + β3familyincome + u,Where children is the number of children, motherseduc and fatherseduc are the years of education of the mother and father respectively and familyincome is the income of the family. We expect β1 < 0,="" β2="">< 0="" and="" β3="">< 0.a.="" what="" is="" the="" effect="" of="" omitting="" family="" income="" from="" the="" regression="" model="" on="" β1="" andβ2="" if="" each="" parent’s="" education="" is="" positively="" correlated="" with="" family="" income?b.="" write="" the="" null="" hypothesis,="" restricted="" regression,="" test="" statistic="" and="" degrees="" of="" freedom="" for="" a="" test="" of="" the="" hypothesis="" that="" the="" effect="" of="" mother’s="" education="" equals="" the="" effect="" of="" father’s="" education.="">
