Purchase Solution

t-stats

Not what you're looking for?

Ask Custom Question

Please answer in as much detail as possible especially where t-stats are concerned. t-statistics are in parentheses.

A= -207.78 - 0.924P +0.031Y +4.194SNGL + 4.456LFP + 18.287W +1.207CATH
(1.41) (3.22) (3.31) (1.74) (2.57) (1.74) (1.50)

+43.78
(2.12)

R^2 (R squared) = 0.77
N = 50

Where:
A = Number of abortions per 1000 pregnancies of women of childbearing age (15-
45)
P = Price of an abortion
Y = Average income
SNGL = Percentage of females who are single
LFP = Female labor force participation rate
W = 0 or 1 variable; equals 1 for females living in western states, 0 otherwise
CATH = percentage of Catholic population in each state
M = 0 or 1 variable; equals 1 for states that provided Medicaid funding of abortions for all or most medically necessary abortions, exceeding federal requirements

a. Is abortion a normal or inferior good? explain
b. Everything else constant, how many more abortions are demanded in states that provide Medicaid funding beyond the federal requirements, on average? Is this difference statistically significant?
c. Explain the coeficient on LFP. Is this intuitive?
d. If they want to increase revenue, should they increase or lower the price of abourtions, everything else constant?

Purchase this Solution
Solution Summary

This posting explores t-stats. The health care demand with t-statistics are provided.

Solution Preview

The given equation is

A= -207.78 - 0.924P +0.031Y +4.194SNGL + 4.456LFP + 18.287W +1.207CATH
(1.41) (3.22) (3.31) (1.74) (2.57) (1.74) (1.50)

+43.78
(2.12)

Where:
A = Number of abortions per 1000 pregnancies of women of childbearing age (15-
45)
P = Price of an abortion
Y = Average income
SNGL = Percentage of females who are single
LFP = Female labor force participation rate
W = 0 or 1 variable; equals 1 for females living in western states, 0 otherwise
CATH = percentage of Catholic population in each state
M = 0 or 1 variable; equals 1 for states that provided Medicaid funding of abortions for all or most medically necessary abortions, exceeding federal requirements

This is similar to the other question you posted ...

Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

View More Free Quizzes
Related BrainMass Solutions

  • Keep track of randomly numbers in javascript array

    ((Math.random()*6)+1); die2 = Math.floor((Math.random()*6)+1); stats[(die1+die2)-1]++; } // calculate results var results = ""; for (var i=1;i<12;i++) { results += i+1 + "'s =t" + stats[i] + "t" + Math.round(

  • T test, ANOVA and correlation analysis with Excel

    380565 T-test, ANOVA and Correlation Analysis with Excel Is there a statistically significant difference between the mean of the total scores between women and men?

  • descriptive and inferential stat

    One example would be a t-test - it is a statistic that we compute to see if there are any significant differences between two groups. This here will give us an interpretation of the data - it goes beyond describing it.

  • Application of Descriptive Statistics and Inferential Statistics

    You could also conduct t-tests - you can see if the calories you consume at lunch are more or less then at dinner.

  • background for ANOVAs and t-tests

    Parametric stats would be used if there is a continuum available... 1, 1.34. 1.678, 1.9, 2. ANOVAs and t-tests are studied. Describe a psychological research situation or scenario that would use a nonparametric test.

  • Statistical Analysis Of Hedgerow Survey Data

    Would something like a t-test work for this? 2). Do some stats on other attributes of the hedgerows. e.g.

  • Finding probabilities based on a sample

    Under 95% confidence level, we have So, the value of t is 2.093 by looking up the t-critical value table.

  • Inferential stats

    What I would do is calculate a t-test comparing both time frames. This tells us if shorter projects on average cost less then longer projects. As well, we deal with different clients.

  • Knowledge about Regression Analysis

    in addition they estimated the following regressions [T stats in ( )]: Cash Flow = 10.001 + 1.877Earnings (2.997) Cash Flow = -1.344 - 2.575Dividends (-4.575) Earnings = 7.225 + 1.223Dividends (2.282) Fully Evaluate

  • Mean

    25059 Stats 5 The management of White Industries is considering a new method of assembling its golf cart. The present method requires 42.3 minutes, on the average, to assemble a cart.

View More Related Solutions