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Marr and kid variables from the estimated model

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a. Are the coefficients for MARR and KID in Part 05 jointly significant at 5% level? Should we keep both MARR and KID in our analysis or not? Show the steps involved in your justification.

b. If you were to remove both MARR and KID variables from the estimated model in Part 05 above, what would be the new estimated model? Write down the new estimated model in the form of Equation

Reference no: EM133067565

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