**UPDATE: This writing assignment will be due on Friday, March 30 at the beginning of class.
Read Chapter 5 of Poor Economics. Offer a brief (2-3 sentence) summary and answer the following questions.
- Pick a statistic out of the chapter and make a hypothesis about the statistic. Show how you would test the hypothesis.
- Design a regression model that would further test your hypothesis, conditional on other variables. (Note: you don’t have actually test this, just discuss what the model would look like)
- In class this week, we talked/will talk about dummy variables. How might you add a dummy variable to this regression?
- What would you expect the dummy variable to tell you? How would you know whether it was statistically significant?