Homework

5-1: Regression Exercise: Urgent Clinic

  • Due Mar 20 by 11:59pm
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  • Points 100
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  • Submitting a file upload

Purpose

This assignment is intended to help you learn to do the following:

  • Review basic statistical concepts and econometric procedures and develop and analyze an estimated regression equation for demand.
  • Develop null and alternative hypotheses for each estimated coefficient of the demand equation.
  • Develop a t-test to test the statistical significance of an estimated parameter and determine the acceptance or rejection of the null and alternative hypotheses.
  • Develop an F-test to test the statistical significance of the estimated demand equation.
  • Interpret the results of the regression estimates.

Action Items

  1. Review this modules readings and media.
  2. Compose a document in which you:
    • Complete the . You will also need the .
    • Show all the steps used to arrive at your answer for each of your answers.
  3. Submit your work by the due date indicated.

Grading Criteria

You will be graded on accurate completion of all parts of the problem.

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