HW3 - Sarah Lowery 7/8/2011 951010439 Homework #3...

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Sarah Lowery 7/8/2011 951010439 Homework #3 Analytical Exercises 1) a) The increase in the home’s new value will be $23,400 b) The increase in the home’s new value will be $23,400 plus $15,600, so $39,000 c) If the homeowner lets their house run down so that it’s condition becomes poor, they will lose $48,800 in the value of their home. 2) a) H0: β = 0, H1: β > 0. We use a one-sided hypothesis because the variable Win does not have a negative effect on attendance. t-stat: 1.000 t-crit: 1.685 So, t-crit> t-stat, therefore we reject the null. b) H0: β = 0, H1: β > 0. We use a one-sided hypothesis because the variable Week does not have a negative effect on attendance. t-stat: -4.000 t-crit: 2.426 So, t-crit> t-stat, therefore we reject the null. c) H0: β = 0, H1: β ≠ 0. t-stat: -1.000 t-crit: 2.023 So, t-crit>t-stat, therefore we reject the null. d) -3000-(3000 x 2.023) ≤ β ≤ -3000 + (3000 x 2.023) -9069 ≤ β ≤ 3069 3) a) H0: β = 0, H1: β ≠ 0
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This note was uploaded on 02/26/2012 for the course DSC 340 taught by Professor Pangburn during the Spring '08 term at University of Oregon.

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HW3 - Sarah Lowery 7/8/2011 951010439 Homework #3...

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