![4 The homeownership rate in the U.S. was 64.2% in 2009. In order to determine if homeownership is linked with income, 2009 state. level data on the homeownership rate (Ownership in %) and median A portion of the data is shown in the accompanying table household income (Income in $) were collected State Alabama Alaska ownership Income 37,860 59,484 eBook 70.2 64.5 Wyoming 70.8 50,350 a-1. Estimate the model Ownership-β0 + β1Income + ε. (Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.) [If you are using R to obtain the output, then first enter the following command at the prompt: options(scipen-10). This will ensure that the output is not in scientific notation.] Income a-2. Interpret the model O For a $1000 increase in income, homeownership rate is predicted to decrease by 0.01%. O For a $1000 increase in income, homeownership rate is predicted to decrease by 0.2%. O For a $1000 increase in income, homeownership rate is predicted to decrease by 0.002%. For a $1000 increase in income, homeownership rate is predicted to decrease by 0.002%. b. What is the standard error of the estimate? (Round your answer to 2 decimal places.)](http://img.homeworklib.com/questions/9116cf20-c4b9-11eb-84d1-8bca4d108549.png?x-oss-process=image/resize,w_560)
Homework Answers
Y(HAT)= 72.3013- 0.0001*INCOME
FOR A THOUSAND INCREASE IN INCOME, HOME OWNERSHIP RATE IS PREDICTED TO DECREASE BY 0.01%
STANDARD ERROR OF ESTIMATE= 5.52
2.97% OF THE SAMPLE VARIATION IN Y EXPLAINED BY THE ESTIMATED REGRESSION EQUATION.
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Ownership Income 70.2 37860 645 59484 65.7 43619 645 34418 54.8 54014 65.8 53810 Alaska Arizona...
State Ownership (%) Income ($) Alabama 66.7 36000 Alaska 62.5 57624 Arizona 62.9 41759 Arkansas 61.0...
State Ownership (%) Income ($) Alabama 66.7 36000 Alaska 62.5 57624 Arizona 62.9 41759 Arkansas 61.0 32558 California 53.0 52154 Colorado 63.5 51950 Connecticut 66.2 60871 Delaware 70.7 48134 District of Columbia 41.5 49161 Florida 64.7 41651 Georgia 61.2 39360 Hawaii 55.2 51669 Idaho 69.1 42798 Illinois 63.9 48890 Indiana 65.5 40325 Iowa 66.7 46741 Kansas 61.4 40737 Kentucky 64.6 38684 Louisiana 65.6 41453 Maine 67.8 43522 Maryland 65.3 60206 Massachusetts 60.7 55393 Michigan 68.1 42014 Minnesota 67.7 52110 Mississippi...
Please only answer the question if you know how to and will answer all parts of it. Homework 14 i Saved 13ahomeom The homeownership rate in the U.S. was 62.4% in 2009- In order to determine if homeow...
Please only answer the question if you know how to and will
answer all parts of it.
Homework 14 i Saved 13ahomeom The homeownership rate in the U.S. was 62.4% in 2009- In order to determine if homeownership is linked with income, 2009 state- level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table 5 ownership Income 36,660 58,284 points State...
The homeownership rate in the US. was 61.4% in 2009, In order to determine if homeownership is li...
The homeownership rate in the US. was 61.4% in 2009, In order to determine if homeownership is linked with income, 2009 state-level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table State Alabama Alaska ownership Income 36,000 57,624 66.7 62.5 Wyoming 68.2 48,490 XC a-1. Estimate the model Ownership = β0 + β1Income + ε. (Negative values should be indicated by...
Location Percent Obesity Median Income Alabama 33.5 49,936 Alaska 29.7 68,734 Arizona 28.9 62,283 Arkansas 35.9...
Location Percent Obesity Median Income Alabama 33.5 49,936 Alaska 29.7 68,734 Arizona 28.9 62,283 Arkansas 35.9 49,781 California 24.7 70,489 Colorado 21.3 73,034 Connecticut 26.3 72,812 Delaware 30.7 65,012 District of Columbia 21.7 85,750 Florida 26.2 54,644 Georgia 30.5 55,821 Hawaii 22.1 80,108 Idaho 28.9 58,728 Illinois 29.3 70,145 Indiana 32.7 59,892 Iowa 30.9 68,718 Kansas 31.3 63,938 Kentucky 31.6 54,555 Louisiana 34.9 49,973 Maine 28.2 58,663 Maryland 29.6 86,223 Massachusetts 23.3 86,345 Michigan 30.7 60,449 Minnesota 27.6 71,817 Mississippi...
Please only answer the question if you know how to and will
answer all parts of it.
Homework 14 i Saved 13ahomeom The homeownership rate in the U.S. was 62.4% in 2009- In order to determine if homeownership is linked with income, 2009 state- level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table 5 ownership Income 36,660 58,284 points State...
The homeownership rate in the US. was 61.4% in 2009, In order to determine if homeownership is linked with income, 2009 state-level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table State Alabama Alaska ownership Income 36,000 57,624 66.7 62.5 Wyoming 68.2 48,490 XC a-1. Estimate the model Ownership = β0 + β1Income + ε. (Negative values should be indicated by...
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