TotalMedals=β0+ β1log(realGDP)+ β2log(population)+ β3plannedeconomy+ u Interpret the coefficient of planned economy vari
Posted: Sun Sep 05, 2021 5:02 pm
TotalMedals=β0+ β1log(realGDP)+
β2log(population)+ β3plannedeconomy+
u
Interpret the coefficient of
planned economy variable. Test whether the coefficient of
plannedeconomy is less than 20 at 1% level of
significance.
SUMMARY OUTPUT Regression Statistics Multiple R 0.60748243 R Square 0.3690349 Adjusted R Square 0.36236978 Standard Error 12 2634282 Observations ANOVA or SS MS Regression 324980.6785 8326.89284 Residual 284 427112347 150,391671 Total 287 678919132 288 F Significance 55,368045 3.2856E-28 Intercept Planned Economy Log(GDP) Log population) Coefficients Standard Error Star P.value Lower 95% Upper 95% Lower 95.0% Upper 95.0% -6.91042904 1.39332758 4.95965853 12174E-06 -9.6529884 4.16786968 -9.6529884 4.16786968 179775665 3.54929066 5,06511531 7.3578E-07 10.9913125 24.9638204 10.9913125 24.9638204 8.62731143 1.12155783 7.69225735 2.3896E-13 6.41969066 10.8349322 641909066 10.8349322 -1.68076211 1.26215074 -1.33166512 0.18403806 4.16511924 0.80359501 4.16511924 0.80354501
β2log(population)+ β3plannedeconomy+
u
Interpret the coefficient of
planned economy variable. Test whether the coefficient of
plannedeconomy is less than 20 at 1% level of
significance.
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