- The Following Two Equations Were Estimated Using The Data In Meapsingle The Key Explanatory Variable Is Lexppp The Log 1 (130.63 KiB) Viewed 78 times
The following two equations were estimated using the data in MEAPSINGLE. The key explanatory variable is lexppp, the log of expenditures per student at the school level. math4 = 24.49 + 9.01 lexppp - .422 free - .752 Imedinc – .274 pctsgle (59.24) (4.04) (.071) (5.358) (.161) n = 229, R2 = .472, R = .462. math4 = 149.38 + 1.93 lexppp – 060 free – 10.78 Imedinc – .397 petsgle + .667 read4 = (41.70) (2.82) (.054) (3.76) (.111) (.042) n = 229, R2 = .749, R = .743. (i) If you are a policy maker trying to estimate the causal effect of per-student spending on math a test performance, explain why the first equation is more relevant than the second. What is the estimated effect of a 10% increase in expenditures per student?