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It is economic statistic problems. Notes: Results in column 1 are from baseline specifications as specified in equation (3). Column 2 reports a measurement-error-corrected estimate using the estimator described in Appendix B. Column 3 reports results using player fixed effects instead of own ability. The dependent variable is the golf score for the round. The ability variable is measured using the player\'s handicap. Standard errors are in parentheses and are clustered by playing group. All regressions include round fixed effects and weight each observation by the inverse of the sampling variance of estimated ability of each player. Consider the first regression (left hand column). What is the dependent variable? What is the hypothesis being tested? Which variable captures the hypothesis? What is its coefficient? What does the coefficient mean? Is it significant at the 5% level? What does this mean? Would you say that there is good evidence for peer effects? Explain. Is the coefficient on own ability Solution 2. golf score for round 3.H0: coefficient of regression equation are not significant H1: coefficient are significant 4.avrage ability of parteners captures hypothesis 5. coefficint if value of multiplier of independent variable in regression equation 6. this coefficient gives chenge in dependent variable as we change independent variabble by 1 unit 7. yes test is signifiacant at 5% level 8. means that means probability of H0 being true is mor than 95% 9.yes there is good evidence for peer effects because avrage ability of persons coefficient changes in each column. 10. yes coefficient on own ability significant at 5 % level 11. this is independent type of variable 12. estimate is nothing but estimator of population size which is always equal to mean of population.

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