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Suppose we have a data set with only two observations, y1 and y2. The general formula for the sample average is: sample average=1/2(y1+y2) Suppose y1 and y2 are sampled from the population in such a way so that they are correlated with each other. in particular, suppose that cov(y1,y2)= \(\gamma\) and does not equal zero. does this change wheter or not the sample average is unbiased. why or why not?
How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.
Explain why does the government support public education when the private sector also provides this service.
Considering factors such as food supplies, population growth, water availability and renewable energy, compare the marginal costs and the marginal benefits of global warming and describe what an ‘environmentally sustainable' economy would be.
Briefly discuss the advantages and disadvantages of foreign exchange rate targeting and also describe advantages and disadvantages for each tool the Fed can use to manipulate the federal funds rate.
When and why were the inflation and unemployment rates negatively correlated? When and why were the inflation and unemployment rates positively correlated?
Determine the pros and cons of the following consequences of outsourcing decisions made by United States firms in response to increasing globalization and tougher competition in marketplace.
Find the Present Value of each of the two following sets of cash flow events and what is the total interest chargeable in each mortgage?
Describe the output level of the firm, the number of workers it employs and the profit of the firm.
Elucidate how would the presence of these agricultural policies affect the results of such tests.
Among which of these methods of encouraging growth would you suggest to a newly industrialized economy.
Elucidate marginal prices do Universities incur by offering more than one of the same classes
Explain how would you evaluate this forecast for your firm.
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