Activity I – Last year, your firm collected data on each of its 107 division managers. The data contain growth figures for each manager’s division, the manager’s tenure with the firm, and the manager’s score on a leadership test, which was administered firmwide. These data are contained in the file attached.
- Run a regression designed to determine the effect of manager tenure on division growth.
- What role, if any, can the manager’s leadership test score play in the regression you ran for Part a? Explain.
Activity II – Use the data in the attached for this question.
You are working as an analyst for a large cable company that offers bundles of channels all across the United States. One of the bundles is the “basic package,” which includes network channels along with a few other basic cable channels. You are interested in learning how the price of this basic package influences the rate of subscriptions in a market. You have data on subscriptions per 1,000 local residents, price for the basic package, and average local household income. You also have data on local telecom labor costs per subscriber. You believe this last variable influences the local price but not subscriptions per se.
- Based on the data provided, write out an expression for the data-generating process for subscriptions per 1,000 local residents.
- Estimate the effect of basic package price on subscriptions per 1,000 local residents using OLS. Why might you distrust this result as being a causal effect?
>Sheet 4 0
13 16 7
13 91 8 40 13 66 6 Sheet1 Subs per 1000 440.7088560406 475.0794335609 426.013408628 437.3416206739 424.3132452812 405.8547973626 392.3133086757 477.0864376661 487.1057145355 488.8287286504 489.1651805929 517.7953709658 508.5574656594 455.5854771951 442.4767970965 452.0480126306 505.8553431506 424.0854643019 450.9913706579 440.1421516895 458.4030341013 524.0989899155 449.6943836438 473.3537491048 440.6714647857 460.3150733765 463.3133672025 483.3185747802 485.182586227 455.6776429492 444.9937570251 458.1288704425 455.5963424942 542.7305048484 464.580054209 451.3592228654 501.7435013321 496.0710398957 528.0587312932 503.9196202184 447.3272048757 472.0317233279 467.9481011125 512.8771417729 462.8304808295 457.3451212344 452.2986256655 403.7495936667 457.4643150574 439.6837280845 427.1804167438 436.1152505275 463.4571323993 469.2879976081 469.6511059452 463.3870350382 540.5173261432 494.7101661845 519.1608018812 449.3304619219 426.4762936441 470.9543456424 486.1558391561 428.2706986331 475.3330935213 450.2224818009 462.3126544098 485.3413950121 384.7280268104 460.0327307913 424.4351346863 441.0487153365 459.7077877482 503.7665327286 537.3140167077 428.3412425837 444.8506977973 466.6000753127 424.279358431 455.627635612 493.2373910226 476.5030928596 433.9799887336 518.6142562966 477.0363681631 519.3980671875 455.0285791075 434.2688435389 454.4045715461 475.8695754624 452.4523826313 422.5947251083 456.9028191799 398.572163764 416.4805601597 462.1727124997 475.0905822353 506.0490929035 459.4490198506 542.0293132446 455.5305571929 504.2161786654 455.8070895093 468.7930456807 407.862593687 388.1759727087 478.7805062634 372.619441888 459.2343690548 419.9634727525 492.1801672348 418.7865803424 491.0079191592 476.9268645861 426.2766254924 452.4921531259 468.735423581 423.3410046392 457.1469203077 433.2557232623 417.396359144 465.0585272158 482.8881376639 381.4898902764 461.6202158813 418.0751400598 479.6254035064 397.4317606383 485.3607692117 423.023869745 422.0467217079 444.4458418464 434.2189267393 473.3161115408 445.8169350347 426.1656260658 490.5561512084 416.5152045201 494.6223731382 448.8182530727 537.0895936149 410.0478948848 526.6479534223 430.130534054 471.4404788618 501.7190322921 424.1284307298 462.510090752 453.105811728 441.1548315591 396.4919676141 456.2877384373 432.5143669935 476.7206458753 496.0396506732 493.3903821198 419.7498283034 500.2342312684 519.0706378846 467.8400159222 480.9888718536 496.37747115 427.1513732147 472.3866942667 445.807501324 529.4489974771 427.8311595969 441.1062785972 489.9268080116 423.8769483297 423.6237309531 442.3048418923 472.6381136933 379.0955200105 474.8429762418 400.7194357104 477.6011899566 403.3158446321 461.700837385 480.1768286261 453.0300655428 478.0256816111 398.9652488713 457.1494159235 483.4363334374 486.2939530951 370.851438964 405.9808525392 437.2217073559 451.3719343488 451.1899334197 461.2608453011 482.1830138882 432.4264623995 514.3450944283 416.7543827634 454.580872109 447.5880396763 498.3487933412 449.814686443 479.0455544693 423.4818154371 412.1426444494 425.3230037749 460.2404760631 478.3965686596 512.7050302139 506.3577401063 425.3642908894 492.3879050306 523.8199278713 467.6369845024 413.6776967544 444.4216102335 461.7966543773 504.4381171359 533.6265853819 425.6497289308 447.2054101853 455.2392377537 404.037651839 467.8131462369 470.1276946402 449.7165248751 447.2107924601 435.8961795015 450.9909966373 421.8467039188 468.5864517872 418.6925325381 439.3146550066 464.8225483872 414.6686329003 435.8472083564 457.1433006935 458.9141682594 479.6872016736 512.5798510705 463.3355918448 442.7725280951 454.1913320483 445.8711614613 476.6797617904 509.1485902181 449.7843498332 439.7286992614 447.5955456619 479.0418562111 424.1577107837 452.6748430811 446.2972997905 432.9893929739 425.7505608763 424.8970350698 469.5451324078 423.7235763439 369.4439512029 442.5367815951 512.308080809 482.2746485314 472.7297393989 465.2472806874 474.6769171533 487.5959692449 517.6538900974 491.1074654101 446.1241641662 474.093364936 450.1016749661 449.3841443731 430.218019339 470.879442329 435.1151862846 420.135253392 445.9559329017 452.8227664146 420.2913057227 466.2945989111 459.0844851968 431.3004112323 417.8790295095 441.4679363315 434.6765205158 461.2455873684 473.3100828495 439.1421717454 469.229568334 472.6090081958 452.2349821023 458.8086518595 449.9397858676 440.2493414462 417.3031798519 448.3612183578 454.2643038313 480.2428535303 500.8637526095 422.1831133757 450.2898605212 445.966772404 451.2143641661 496.6747015429 416.4393847662 406.9956043415 438.5189621359 428.9806966849 501.830763354 447.4278888847 457.2901081441 416.1933835735 459.0636394486 436.4194458934 439.2728045186 486.7455045263 466.9040282658 443.6872119862 480.7993191076 448.9369832165 423.0552892066 471.850127446 502.4507911012 426.0831482017 515.5813408726 498.183751107 457.5017520049 507.5211548581 501.9208528976 412.5109656232 476.8986106982 402.164529275 476.9366313379 448.8873295893 490.2612304158 477.2890007566 435.5037136178 457.6364447545 464.3372692302 451.6673760739 427.9289427552 516.9114571924 490.0823558667 482.3098648358 475.8937064066 504.0270846797 433.6591080888 403.6237989185 419.9203810496 415.0138413175 425.5204989145 423.7230904218 414.5475112895 531.0636192622 444.4225400143 428.9576557124 462.2743585017 395.0007912301 490.0360628865 422.2640867287 431.435315121 455.6376174759 489.8009097712 446.8263264291 402.9290552684 465.1457868931 436.5993426383 390.4271139739 497.050904989 439.2056403419 492.3705221979 467.5738431258 460.0843491057 445.5181611713 466.4252421365 457.8702935916 450.4706222629 419.1195732938 441.6711465101 470.183372102 492.7797700017 441.448681727 458.8569906631 474.0964243178 483.3222121904 429.5886513264 491.7566579088 447.9079804758 487.6858799639 497.1448279982 480.8277552137 478.1161548545 434.5745403752 389.9244510447 430.1651254007 455.2068130319 445.3204469116 440.321575233 467.0693239759 449.55544783 393.4591927298 456.7267343221 455.5242342946 474.182059197 437.0019709249 483.712174332 463.0884981453 479.4908937429 416.771119608 499.000772233 460.3496378199 433.4672907815 435.8826192903 499.8866337002 393.2875350076 454.065207553 434.8780009331 451.0329368465 507.8604664868 481.1461589923 470.375529945 472.640958536 421.6142086041 494.7021538007 489.5756153792 485.9583932403 386.675504129 478.9159933045 422.0910889318 451.3667323565 432.1659170732 493.2229089693 399.2562310812 438.9997776203 415.8979642158 486.9370209153 475.6029334994 466.0203812665 456.3625275478 438.8811597402 433.7578739355 458.5051077593 513.2956125248 420.1710396009 457.115096145 434.7043691967 417.468441998 487.7444360497 449.6967492072 462.7865808658 424.0478390424 516.5236210393 400.4639964403 425.9248315361 481.6879413 387.1161808239 395.3993644959 482.0940940737 440.2132533865 469.1544404052 413.6956196795 458.5840162637 468.4459386614 498.357171491 415.8089901939 432.7029358155 436.8412279551 464.9683005762 426.306143516 485.0008303876 481.2872761626 442.8592780864 508.7752848159 381.2974318037 435.3681356617 453.7700984147 500.330409357 500.6497247238 470.6872825206 538.406108144 439.3936480424 433.8567310914 519.9624291231 463.3937012327 429.1388711442 473.9796541916 437.9992671034 464.4553923431 449.8525352323 462.4463059693 533.9176759955 478.714183899 419.5927088502 451.2410088531 431.034054361 435.7627878185 400.4678321574 420.2678020851 517.0847337096 446.2351408915 465.8444998074 461.7773687091 390.1167159369 476.0673481722 436.8606074963 398.167298933 490.7114733886 463.2738696339 496.4705739434 510.3263832833 460.2881200377 448.3999283973 444.476619654 452.4901571924 425.0925755223 482.8411146757 437.3103017814 458.5446895312 418.6242291501 499.3497523408 453.1763217453 441.0950819351 452.005383132 478.6566774922 447.1959652652 436.0771727808 425.2453291068 461.3006454293 466.6257836396 445.3896188235 453.8388360937 525.133245363 467.8652269677 477.1037035064 484.686418439 552.2209092546 463.1975835887 438.5477758462 466.1115371584 420.0629021798 425.8801720225 487.2679300197 455.641703127 445.2113816972 429.1804270682 448.9037273084 468.7472360268 463.0551774128 518.2017570318 407.3136190181 492.4922504139 417.2423895176 530.1302501474 465.5288637368 501.6441851504 470.7091416014 415.7122579796 446.8181049016 400.8708517345 496.1840865634 486.9697669258 433.3914616844 485.3422175124 459.0788962392 412.3716375934 485.4558278407 481.9459360042 459.2644680425 451.7500691663 453.1597221878 478.0667797779 475.0669367256 436.2644590372 421.5600312147 453.1553054815 506.1839696546 408.491223535 379.0122458821 438.6646534919 493.9054452089 442.2443451022 474.6866959881 469.7877838082 431.3574025553 453.6634829308 432.41820343 415.3706571689 457.146846205 407.4723731055 408.6557097783 423.3088644328 417.3894745442 490.382064403 490.4289526045 455.6187556371 452.1072574565 462.4073430414 443.7602147348 425.8461623614 490.8333751676 414.0434095166 474.5695103975 444.458138047 413.9760483042 445.38588123 464.7478408764 477.6510184765 464.7064245316 462.3275900229 494.0764548009 449.4026154789 446.5583253501 435.4883806993 474.0224729544 463.393465723 500.0436272936 454.7707944077 456.5654413793 459.7183386609 415.0376277921 540.2407389348 449.9311639145 474.3003876995 440.5475107732 358.6127858756 429.534358743 479.7212268364 480.7078868636 433.7148909342 475.5668779344 471.023914301 405.4957203775 458.3863035877 437.6742282241 454.0114262009 472.0935580772 460.2482949953 449.3773433306 495.9253063186 479.4197536245 464.2639431116 474.5770255619 485.9691751649 497.1383334213 519.7203104314 493.9845797813 491.4220575228 465.1237851783 498.6215462176 420.1096469553 456.9569178478 478.0885826112 465.0318896369 493.8503743108 438.8625835025 435.0177517223 447.917939103 510.0965582904 483.7043265811 460.6265600765 395.0880627829 409.3529667466 469.3509513123 440.9797524782 438.9136933846 507.8835878888 463.5066043907 551.11795858 471.1016800413 450.7760782751 428.2926489107 477.095840497 509.5205625052 435.2206595441 421.1880673081 407.496644986 447.8267206034 471.9565737066 388.5864757644 428.9449902539 472.0445913117 467.0175866649 446.6214664724 453.7931671645 398.0317949064 469.531192124 467.3206041706 414.9108616675 464.0629827851 490.4686415946 471.9154683748 430.4175919757 457.4407620016 418.0976926794 507.7838764082 464.9999266799 451.7720818229 472.9665089221 452.4772809415 400.566840927 501.7173465351 521.8616399008 469.6710597836 472.238451784 457.717049932 445.8619449679 491.4456651145 390.8850068465 499.1107158392 451.6365427387 472.9502724946 474.2910387759 432.4047074429 468.4794666588 457.5768725625 454.6420627775 477.9589891608 470.4769239384 450.0530240772 463.5599539644 492.1247901647 538.9847909271 443.5583802673 402.8097585792 478.3792253746 454.7600290932 468.0569919712 465.5400963294 452.4789588321 439.0254290419 429.1985547054 456.0070475614 483.3489472636 457.3726981413 450.9975188086 438.8371409242 486.5645896489 415.9529343693 490.5805417823 415.0931376036 427.1596159062 451.2678070235 403.82074929 453.4821718945 483.7702721924 457.4128105429 491.7160476691 475.8312749286 379.3579402548 443.4023222747 501.1727683669 462.3002528382 488.0517868282 410.8007088973 429.4161065738 443.0252964225 461.9771017895 458.1958110904 475.3083236531 455.154825459 412.7651919117 436.3873231693 460.0330187777 399.3418215264 463.8077537482 485.5389024878 491.6658495894 486.6756890676 466.8635321761 476.9109814063 513.0795618429 384.2364080814 426.1060629213 489.2308934089 469.3763493242 498.6675180298 468.314591622 412.9906829384 392.9653971139 483.881395046 525.811531959 432.6232366939 424.7441778923 428.3457970641 494.7143884843 509.0300945465 493.8897464538 489.8280152952 447.962715744 428.4733757962 443.5670939423 409.1124670329 430.4545594472 485.2461944405 381.0654603975 447.8292135928 424.3206674939 450.1010828589 445.08088063 421.858719136 508.7386930642 420.4220256862 473.8323789624 454.5177441044 460.7002107604 486.4509135731 488.8071818806 444.1857819612 487.9175703753 473.7654627122 476.353673349 363.6658049537 462.5951588566 431.2797375054 456.8017287715 436.8611276297 384.3332808328 447.4804731899 451.6573333813 451.8397884242 412.6972659957 418.0526103427 447.0805893517 475.9910397191 400.1346729807 463.0453602383 397.5310719114 482.1275685925 407.1919537414 468.6788359473 478.0117437704 421.2605085761 466.3953896326 399.029119337 493.7764365722 452.1587392857 437.4061126874 476.9186869111 454.5622795197 472.1988970409 449.5142028528 404.9266095295 438.1128059482 470.0162384558 408.1864725349 498.2949243392 453.4968303458 438.2058705516 422.2490681424 357.4821170556 455.4646396593 439.4248483252 412.4238954515 457.2148815134 434.3319176546 472.9584024797 Sheet2 Sheet3
2
1
Growth
Tenure
Test Score
4
6
14
6
7
6
3
3
16
1
9
5
4
8
9
26
1
0
3
25
13
5
9
86
2
9
89
4
17
1
24
83
3
4
41
11
59
7
26
10
4
10
91
5
9
79
9
25
27
7
11
96
10
4
46
0
14
32
-1
40
2
1
11
9
26
98
5
30
3
2
6
6
12
5
23
66
4
10
42
12
20
102
3
19
50
4
19
18
7
19
46
2
7
41
7
21
9
8
74
7
24
54
3
22
2
15
60
3
14
58
9
24
33
0
5
20
6
15
107
5
11
24
7
8
67
7
4
54
9
21
56
5
13
57
6
13
64
1
5
9
6
25
94
1
22
11
4
9
28
4
18
97
6
16
41
12
27
77
10
25
73
9
27
78
8
18
70
3
15
75
1
14
14
11
13
60
11
27
104
8
19
54
1
13
20
7
21
61
5
12
34
3
5
6
7
11
55
6
29
7
20
47
8
10
20
9
8
90
7
11
100
2
2
25
7
18
85
7
18
101
9
7
99
7
30
95
5
10
52
7
12
67
7
8
55
3
17
17
9
17
92
10
23
104
8
24
36
5
6
27
9
22
67
6
26
99
12
22
94
5
24
75
6
5
30
4
28
101
2
10
88
-2
9
11
24
81
9
7
101
2
21
11
5
28
51
2
11
102
2
21
60
1
2
11
10
11
101
10
24
79
9
19
100
6
13
94
14
18
107
2
25
58
2
6
72
Price
Income
Labor
41.9736426734
67.867
12
41.4217389268
64.549
6
36.224901438
53.664
6
45.6521034457
60.429
12
40.6073742135
52.669
8
29.8266328938
60.895
6
40.3683847793
61.103
15
50.3749062777
65.837
12
49.3809524226
56.82
8
50.3002881084
68.027
9
46.8303634322
55.183
8
48.8980618276
62.407
6
57.2917442766
66.807
13
48.6299128659
62.806
12
49.9781328494
53.608
13
44.1163354384
59.35
11
48.0017238584
64.845
7
43.587410717
53.561
12
49.8445617763
57.924
13
49.6698586149
64.123
14
38.5660056836
60.007
6
50.3169983193
67.197
7
44.277397274
52.03
9
44.8719581841
63.122
7
38.6295774643
63.894
6
47.3636788961
56.133
12
40.4573945337
68.569
7
53.26842913
64.708
13
45.0945977045
63.615
6
53.6777738249
61.611
15
37.2276261708
54.628
6
45.7286450737
60.757
11
49.2550570824
68.066
14
54.3710841414
60.504
5
44.3266757015
55.62
6
48.7102038109
62.098
15
45.484250222
66.838
6
52.3838399826
58.768
10
52.3894552155
62.722
6
54.5032700364
56.9
9
42.927534146
55.762
10
50.3032872213
57.212
12
51.1880168521
51.82
12
56.2321902955
65.484
11
43.1750801383
52.78
5
51.5681868724
50.936
15
49.5616042776
64.929
15
42.1057656111
61.115
14
38.8492191762
67.369
5
42.2569546808
49.142
7
38.3369027906
53.159
9
45.9728750879
63.278
14
52.7301887332
54.076
14
52.2009996014
54.082
12
44.2333509909
70.251
7
39.5905058397
66.844
7
55.1742210239
54.472
7
55.8745276974
59.463
13
63.3934669802
61.8
15
45.9252436536
60.779
10
43.6215489407
60.747
14
44.0927242737
54.398
7
53.0344731927
52.949
11
48.8472831055
56.187
15
56.7250155869
62.983
15
46.5719136335
59.791
13
40.2769424016
57.651
6
56.4193991687
62.825
15
42.4148378017
54.239
15
50.9234551319
67.492
13
40.5866891144
51.915
11
39.5666192227
49.649
7
43.7736312914
50.066
7
53.2754221214
65.114
10
52.9125027846
67.839
5
44.554873764
67.012
15
37.7772829662
57.187
6
46.9211792188
52.073
9
41.5090597385
57.225
10
55.5414392687
51.379
15
51.2605651704
64.674
12
41.1326821433
67.707
6
35.0121647889
61.907
5
48.7837093828
68.912
5
50.1073946938
63.392
10
54.0525111979
67.083
11
44.5735965179
50.587
9
36.1181405898
52.56
5
48.0857619243
55.89
11
45.0787625771
63.397
6
46.7097304386
53.194
12
36.0369541847
59.373
8
41.9613031967
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