{"id":3787,"date":"2023-02-21T08:30:27","date_gmt":"2023-02-21T08:30:27","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/see-below\/"},"modified":"2023-02-21T08:30:27","modified_gmt":"2023-02-21T08:30:27","slug":"see-below","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/see-below\/","title":{"rendered":"See below."},"content":{"rendered":"<div class=\"col-sm-12 messageContent\">\n <b>Learning Goal: <\/b>I&#8217;m working on a business question and need guidance to help me learn.<\/p>\n<p>The data attached contains information on customers\u00e2\u20ac\u2122 ratings of your product (CustRate), on a scale of 1 to 100, along with demographic information. The demographic information includes: income (Inc), age (Age), education (Educ), and marital status (Marr). The last variable equals one if the respondent is married and zero otherwise. Assume the data-generating process can be written as:<\/p>\n<p>CustRatei=\u00ce\u00b1+\u00ce\u00b21Inci+\u00ce\u00b22Agei+\u00ce\u00b23Educi+\u00ce\u00b24Marri+Ui.<\/p>\n<p>Test the hypothesis that income has no impact on customer rating, using a confidence level of 95%. Be sure to provide the reasoning behind your result.<\/p>\n<p>Test the hypothesis that \u00ce\u00b22=0.05, using a confidence level of 90%. Be sure to provide the reasoning behind your result.<\/p>\n<p>Build a 95% confidence interval for the impact of education on customer rating. Be sure to provide the reasoning for your result.<\/p>\n<p>Build a 95% confidence interval for the impact of being married on customer rating. Be sure to provide the reasoning for your result.<\/p>\n<p>Predict the change in customer rating if a customer\u00e2\u20ac\u2122s income increases by $10,000, with no change in age, education, or marital status.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learning Goal: I&#8217;m working on a business question and need guidance to help me learn. The data attached contains information on customers\u00e2\u20ac\u2122 ratings of your product (CustRate), on a scale of 1 to 100, along with demographic information. The demographic information includes: income (Inc), age (Age), education (Educ), and marital status (Marr). The last variable [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[646],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/3787"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=3787"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/3787\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=3787"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=3787"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=3787"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=3787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}