Question #5: Understanding Regression Tables There are 9 Points Total available for this question.
You are watching the presentation of a classmate in your 'Applied Statistical Analysis' class. The research question of interest was whether Life Expectancy in years is determined by female labor force participation rate (% of total labor force), for a sample of countries.
Your classmate reports their findings in the table below:
5-a) [6 Points]: Your classmate's null hypothesis is 𝐻0: 𝛽{Female Labor Force } = 0, and their research hypothesis is two-tailed: 𝐻 : 𝛽 ≠ 0. Calculate and provide the following:
1 {Female Labor Force }
(i) [3 Points] The 95% Confidence Intervals for the estimated coefficients for 𝛽{{Female Labor Force }}
-- both for model 1 and model 2.
(ii) [3 Points] For both model 1 and model 2, indicate whether you would reject or fail to reject
the null, at the 95% Confidence Level.
5-b) [3 Points]: Which model would you recommend your classmate to adopt: model 1 or model 2? Briefly explain why
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