You probably regard your university education as an investment. You spend your valuable time, effort, and...

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You probably regard your university education as an investment.You spend your valuable time, effort, and tuition fees and inreturn you obtain a degree. The provincial and federal governementsalso regard their funding of universities to be an investment. Butis the investment equally effective in producing graduates acrossall provinces? The data bellow indicates the number of graduates atthe bachelors, masters and doctorate levels and funding from foursources: Investment of university endowment funds, provincialfunding, federal funding, tuition fees. Can we estimate the numberof graduates from the level of these sources of funding? Doespopulation size impact the equation? What other factors couldinfluence results?

Population size

Bachelors

Masters

Doctorate

Investment Income

Federal

Provincial

Tuition

1

Alberta

4,067,176

15720

3297

579

126680000

311184000

2110750000

798612000

2

British Columbia

4,631,000

16980

4488

393

136505000

352119000

2052199000

1021043000

3

Manitoba

1,282,000

5835

708

96

23152000

82805000

496334000

190402000

4

New Brunswick

753,915

4344

504

45

24377000

54219000

200677000

132086000

5

Newfoundland and Labrador

528,449

2760

531

51

3757000

61676000

292731000

72502000

6

Nova Scotia

942,927

7959

1716

111

32551000

98062000

359035000

318869000

7

Ontario

13,600,000

84714

13095

2049

438746000

1132905000

5010652000

3334466000

8

Prince Edward Island

146,284

660

48

9

2134000

17553000

63118000

35506000

9

Quebec

8,215,000

33438

9972

1428

136634000

745905000

4307043000

700697000

10

Saskatchewan

1,130,000

2979

435

63

45108000

108851000

589425000

176926000

Answer & Explanation Solved by verified expert
4.3 Ratings (745 Votes)
The regression equation is defined asWhere Y Total graduates X1 Population size X2 InvestmentIncome X3 Federal funding X4 Provincial funding X5 TutionfeesUnder the Homoskedasticity assumption the expected value oferror term will be zeroNow the regression    See Answer
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