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contains cross-sectional information on fast food chains arid local demographics. Including the price of medium soda

INSTRUCTIONS TO CANDIDATES
ANSWER ALL QUESTIONS

TASK 2

Create a do-file and name 4 using your identifiers: Last Flrstnl 2S4Se7Taskl.do

Download the data set dc2OI rs 300s,r s3Sldta

mis data set contains cross-sectional information on fast food chains arid local demographics. Including the price of medium soda and the proportion of African American citizens i a given ¿IP

coOt among other variables. You may view the details using the commend describe.

in the following questions. you are asked to provide your answer in one of she following formats:

. (value. 2 decimal placefl Example . yOur result ‘s 123456. provide your answer as 123

. (value. 3 decimal piacefl Example -your result 41.23436. provide your answer as 1.233

. (valut 4 decImal piaces(c Example -your result is 123436. provIde your answer as 12346

. (type In REJECT or DO NOT REJECTK Example - your conclusions not to reJect wo, provide your answer as DO NOT REJECT (noce the type In answers are not case sensrtne)

Important:

. Ail  re to be expressed ase   Example- p.value ‘s 002S provide your answer as 0.025 (NOT as 2.$%)

. Type in all yow answers Do not coovJgna. Copyng and pasting may cause a correct answer being marked as incorrect Should thIs happend. those answers eli  be remarked.

a. Consider the following model: psoda -ß-Ø prpblcst. 02 loglinconiel • 03 prppov • u.

Test for individual sig-ificance of the estmated slope coefficents using two-sided test.

Prooortlai of blacks: the p-value Is (value, 3 decenal place» indicating via the estimate of rn (type n s or’S NOT) statistically

signficiant at 5% level, and (type in IS or IS NOT) statistically signIficant at 1% level.

Lfltilt the p-value rs (value, 3 decimal placen ind.cating that the estimate of Ø (type en iS or IS NOT) statistically segnficiant at

5% level, and (type In IS or IS NOT) statist.cflr significa at 1% level,

prooortion n oovwis the p-valve is (value. 3 decimal place» lnolcatng that me estn’at. of 03 ttype In ‘Sor IS NOT) statisticaly

signficiant at 5% level, and (type n iS or iS NOT) statistically significant at 1% level.

The model S concluded to be overall (type In SIGNiFICANT or NOT SiGNIFICANT) because trie (type in T-TEST or F-TEST) ssatst.c value

is (type in LESS or GREATER) than the 5% crItical value (value. 2 decimal placen

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