User Account

All Pages

State the null hypothesis that the size of the student body

Assignment Help Other Subject
Reference no: EM13319807

Are rent rates influenced by the student population in a college town? Let rent be the average monthly rent paid on rental units in a college town in the United States. Let pop denote the total city population, avginc the average city income, and pctstu the student population as a percentage of the total population. One model to test for a relationship for a relationship is

log (rent) = ß0 + ß1 log (pop) + ß2 log (avginc) + ß3 pctstu + u.

(i) State the null hypothesis that the size of the student body relative to the population has no ceteris paribus effect on monthly rents. State the alternative that there is an effect.

(ii) What signs do you expect for ß1and ß2?

(iii) The equation estimated using 1990 data for 64 college towns is

log ( rent ) = 0.043 + 0.066 log (pop) + 0.507 log (avginc) + 0.0056 pctstu

(0.844) (0.039) (0.081) (0.0017)

n = 64, R2 = 0.458.

What is wrong with the statement: “A 10% increase in the population is associated with about 6.6% increase in rent”?

(iv) Test the hypothesis stated in part (i) at the 1% level.

Reference no: EM13319807

Questions Cloud

Extend the original model to allow the return to education : Again, start with the original model, but now allow wages to differ across four groups of people: married and black, married and non-black, single and black, and single and non-black. What is the estimated wage differential between married blacks and..
Find the approximate return to the fifth year of experience : At what value of exper does the additional experience actually lower predicted log (wage)? How many people have more experience in this sample?
Use the data in mlb test the joint significance : Estimate the model in part (i) but drop rbisyr. What happens to the statistical significance of hrunsyr? What about the size of the coefficient on hrunsyr?
Estimate the rationality of assessments of housing prices : Test the hypothesis that H0 : ß0 = 0 against the two sided alternatives. Then, test H0: ß1= 1 against the two sided alternatives. What do you conclude?
State the null hypothesis that the size of the student body : Are rent rates influenced by the student population in a college town? Let rent be the average monthly rent paid on rental units in a college town in the United States. Let pop denote the total city population
Discuss the estimated slope coefficients : What is the predicted atndrte if priGPA = 3.65 and ACT = 20? What do you make of this result? Are there any students in the sample with these values of the explanatory variables?
Why must we omit one of tax share variables : growth = ß0 + ß1 share P + ß2 share I + ß3 share S + other factors,where growth is the percentage change in employment from 1980 to 1990, share P is the share of property taxes in total tax revenue
What is the predicted ceteris paribus difference : What is the predicted ceteris paribus difference in salary for schools with a median GPA different by one point? (Report your answer as a percentage.)
Do you reject the null hypothesis : A random sample of 104 executives was asked about their views on the economy. 40 percent said it would improve (the rest saying it would not improve).

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd