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Unformatted text preview: the 10% and 5% critical values are smaller than the 1% critical value, the estimated slope is also signiFcant at the 10% and 5% level. The p-value of the test is 2 · Φ(−5.46) which we already know will be less than .0038 (2× the smallest value in Appendix Table 1). Part B The 95% conFdence interval for the slope coe ﬃ cient is −0.073 ± 1.96 × .013, or (−0.100, −0.047). Part C 13.94 – 0.064 dist The estimated regression says that completed years of education for females are expected to decrease by .064 years as the distance from a student’s high school to the nearest college increases by 10 miles Part D 13.98 – 0.084 dist The estimated regression says that completed years of education for males are expected to decrease by .084 years as the distance from a student’s high school to the nearest college increases by 10 miles...
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This note was uploaded on 12/04/2011 for the course ECONOMICS 201 taught by Professor Rcollier during the Spring '10 term at Portland CC.
- Spring '10