Draw a scatterplot with parent quartile means on the x axis

Assignment Help Microeconomics
Reference no: EM131009449

The data file named Galton.dat on this book's Web site contains Galton's data on heights of parents and children discussed in the section on regression to the mean. In these data, Galton multiplied mothers' and daughters' heights by 1.08 to give them the same mean as male heights, and then averaged the heights of both parents to produce the mid-parent height. The data are taken from Stigler (1999).

(a) Regress child height against parent height.

(b) Calculate the predicted height for children on the basis of parental height.

(c) The data file contains a variable called Quartile ranging from 1 to 4, with 1 being the lowest quartile. In SPSS use Analyze/Compare Means/One-way ANOVA to give child means corresponding to each quartile. (Make Child the dependent variable and Quartile the independent variable.) Do the same for parent means.

(d) Do the children of parents in the highest quartile have a lower mean than their par- ents, and vice versa for the children of parents in the lowest quartile?

(e) Draw a scatterplot with parent quartile means on the X axis and child quartile means on the Y axis and also draw a 45 degree line that would represent parents having children with the same mean height.

Reference no: EM131009449

Questions Cloud

Total quality management : Choose a large Middle Eastern organization that sells a product or multiple products. In a 4-6 page paper, not including the cover and reference pages, first provide an overview of the company. Then, analyze that company and its products in terms ..
Evaluate the the bargaining model : Evaluate the extent to which the bargaining model can be viewed as a practical implementation of the law of comparative advantage
How much of the chain can be lifted to the top of building : A 120 ft chain weighing 300 lbs hangs vertically from the top of a tall building. How much of the chain can be lifted to the top of the building by 5500 ft-lbs of work?
Explain what is local variable in java programming : Explain What is local variable in java programming?
Draw a scatterplot with parent quartile means on the x axis : The data file contains a variable called Quartile ranging from 1 to 4, with 1 being the lowest quartile. In SPSS use Analyze/Compare Means/One-way ANOVA to give child means corresponding to each quartile. (Make Child the dependent variable..
In java programming what is the size of double variable : In java programming What is the size of double variable?
Identify and acquire a published set of company accounts : Identify and acquire a published set of company accounts. Analyse the accounts using ratios and other interpretive methods. Each student needs to use a set of accounts from the most recent tax year
In java programming objects are stored on stack : In java programming Objects are stored on Stack. True/False
Draw a scatter diagram on a sheet of paper : Draw a scatter diagram on a sheet of paper that represents a moderately positive correlation between the variables. Now drop your pencil at random on this scatter diagram. If you think of your pencil as a regression line, what aspect of the regres..

Reviews

Write a Review

Microeconomics Questions & Answers

  Which supply and demand affect the prices of the homes

Determine how supply and demand can affect the prices of these homes. In a PowerPoint presentation, submit data findings that include economic factors within that area that may influence your decision, or factors that have prohibited an area to be..

  Evaluate the concept of ethics in society

Explain why ethics is important to all types of organizations (business, government, non-profit, etc.).Evaluate the concept of ethics in society. Then, compare and contrast the ethical perspectives of business and government. Analyze the fundamental ..

  Analyze the determinants of the price elasticity

Analyze the determinants of the price elasticity of demand and determine if each of the following products  are elastic or inelastic bottled water

  Tacit collusion in a market represents a method for

Tacit collusion in a market represents a method for

  Average variable costs are 275 and average total costs are

a pure monopolist determines that at the current level of output the marginal cost of production is 2.00 average

  And find the price elasticity of demand between price of 70

suppose the equation for demand can be expressed as p 120 -.65q p price of a good and q is the quantity of the good

  Draw the production possibilities frontier

Draw the production possibilities frontier based on the data in the above table. What is the opportunity cost of one pound of butter? How can you tell?

  Firms operating under cournot competition or cournot market

The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.

  Create scatter plot and insert regression line and equation

the data are real us gross domestic product in billions of dollars and domestic revenue passenger miles in millions

  Define the economic profits of the drug dealer

particularly on the retail end where drug dealers sell the drug to consumers in the U.S. What would you predict would happen to the economic profits of the drug dealer? Suppose the family in South America form a cartel What is the result of the ca..

  Explain the underlying facts

Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences.

  Information of market concentration

What is the approximate Herfindahl index? What is the four-firm concentration ratio?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd