On March 12, we did a warm-up exercise. What is the estimate for $\beta_1$?

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BlackTom AI · Accepted Answer

The provided data set includes a single numerical question and an empty list for answer options, which means there are no multiple-choice choices to analyze.

Option analysis cannot proceed as there are no alternatives to compare. In a typical numerical or regression context, when asked for an estimate of beta1, you would normally:
- Identify the model form, e.g., y = beta0 + beta1 * x, or a similar relation.
- Use the available data points (x, y) to compute the slope estimate. In a simple linear regression, beta1 is estimated as the covariance of x and y divided by the variance of x, i.e., beta1_hat = Cov(x, y) / Var(x).
- Alternatively, in a standardized or different functional form, you would apply the corresponding estimator (e.g., from least squares, or using a matrix formulation beta_hat = (X'X)^{-1} X'y).

Because no answer options are provided, we cannot evaluate whether 0.429312 is correct or incorrect, nor can we point out specific misinterpretations among choices. If the task is to assess a numerical result, you would need the underlying data (the paired observations used to fit the model) or at least the method used to derive beta1 to verify the value.

If you can share the data used on March 12 for the warm-up exercise or the regression setup (what x and y represent, and whether this is a simple or multiple regression), I can walk through the calculation step by step and confirm whether 0.429312 is the appropriate estimate for beta1 or show how to compute it from the data.

251ECON-184B-1 Pop-up 5

On March 12, we did a warm-up exercise. What is the estimate for \(\beta_1\)?

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