This topic contains a solution. Click here to go to the answer

Author Question: Write a model specification and define the variables for a multiple regression model to predict the ... (Read 100 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Write a model specification and define the variables for a multiple regression model to predict the medical costs as a function of employment type indicated as: professional, technical, sales, and managerial, and a function of gender indicated as
 
  male and female. Be sure to include interactive terms.

Question 2

A histogram is an example of a numerical measure.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liddy

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

The model specification for the given data can be represented as:
Y = medical costs
X1 = 1 if professional, 0 otherwise
X2 = 1 if technical, 0 otherwise
X3 = 1 if sales, 0 otherwise
X4 = 1 if managerial, 0 otherwise
X5 = 1 if female, 0 otherwise

Y = 0 + 1X1 + 2X2 + 3X3 + 4X4 + 5X5 + 6(X1X5 ) + 7(X2X5 ) + 8(X3X5 ) + 9(X4X5 )

Answer to Question 2

FALSE




captainjonesify

  • Member
  • Posts: 543
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review


  • Member
  • Posts:
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

For a complete list of videos, visit our video library