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    Econ 303: Homework 2: by 11:59 PM Via Dropbox

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    Navin Golyan
    This homework assignment involves analyzing highway accident data using a linear probability model to identify factors that contribute to fatal car accidents. It requires specifying a null and alternative hypothesis for two variables, estimating the model using software, reporting the results, and interpreting the coefficients and p-values. The student is also asked to discuss why including control variables is important for statistical analysis.

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    Econ 303: Homework 2: by 11:59 PM Via Dropbox

    Uploaded by

    Navin Golyan
    19 views3 pages
    This homework assignment involves analyzing highway accident data using a linear probability model to identify factors that contribute to fatal car accidents. It requires specifying a null and alternative hypothesis for two variables, estimating the model using software, reporting the results, and interpreting the coefficients and p-values. The student is also asked to discuss why including control variables is important for statistical analysis.

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    This homework assignment involves analyzing highway accident data using a linear probability model to identify factors that contribute to fatal car accidents. It requires specifying a null and alternative hypothesis for two variables, estimating the model using software, reporting the results, and interpreting the coefficients and p-values. The student is also asked to discuss why including control variables is important for statistical analysis.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    19 views3 pages

    Econ 303: Homework 2: by 11:59 PM Via Dropbox

    Uploaded by

    Navin Golyan
    This homework assignment involves analyzing highway accident data using a linear probability model to identify factors that contribute to fatal car accidents. It requires specifying a null and alternative hypothesis for two variables, estimating the model using software, reporting the results, and interpreting the coefficients and p-values. The student is also asked to discuss why including control variables is important for statistical analysis.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Econ 303: Homework 2

    Due Date: Thursday, September 13th by 11:59 PM via DropBox


    Instructions: This is an individual assignment. Submissions are due on Thursday, September 6th
    by 11:59 PM. Submissions are to be submitted through DropBox on Oaks and are to be MS-
    Word or PDF documents. ALL SOLUTIONS ARE TO BE TYPED WITH THE
    EXCEPTION FOR HAND DRAWN GRAPHS.
    Name
    Assignment Econ 303 Homework 2
    Problem # Criteria Earned Total Points Weight
    A 2 3
    B 8 13
    C 20 33
    D 15 25
    E 6 10
    F 3 5
    G 6 10
    Totals 60
    Penalty 0
    Final Grade

    1
    Question 1
    This question uses the Highway_Accidents Excel file that is posted to Oaks (Content –
    Homework). When conducting the statistical analysis be sure to use all the observations. The
    workbook contains two tabs: 1) Data; and 2) Variables. Please review the variable tab before
    beginning the assignment. The Data worksheet contains 7,313 highway segments from the
    Atlanta Metro Area.

    Problem Statement: In this problem, we want to investigate contributing factors to fatal car
    accidents on interstate and state highways. Additionally, we will focus our investigation on the
    number of thru lanes and the traffic level. Other control variables include pavement quality and
    pavement roughness.
    Part A: Identify the dependent variable.
    Part B: State the null and alternative hypothesis for the number of thru lanes and the traffic
    level. Assume a two-tailed test.
    Part C: Using the Real Stats Excel package or equivalent software, estimate a linear probability
    model to answer the problem statement above.1 Include all the dependent variables in your
    analysis. Provide the results with your solution.
    Part D: Complete Table 1 (see below)
    Part E: What factors contribute to the cause of fatal accidents? Note you should rely on the
    regression results instead of solely on Table 1.
    Part F: Which characteristic (excluding the intercept) leads to the largest, statistically significant
    increase in the likelihood of an accident? Justify your answer. Note you should rely on the
    regression results instead of solely on Table 1.
    Part G: Discuss why it is important to include multiple control variables in the statistical
    analysis.

    1
    Equivalent software includes: The Data Analysis Tool Pack in Excel, MiniTab, SPSS, Stata, or SAS

    2
    Table 1: Linear Probability Model Coefficients and P-values

    Variable Interpretation of the coefficient Level of Statistical Interpretation of the P-Value


    (The impact of a 1 unit increase on the Significance
    probability of an fatal accident)
    Lanes

    AADT No Response Necessary

    IRI

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