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A sample of human resource executives was asked how their company planned to change their work force over the next 12 months. a categorical response variable showed 3 options: add employees, no change, lay off employees. Another categorical variable indicated if the company was private or public. Sample data for 180 companies are summarized as followed
(Private) add employees 37 no change 19 lay off employees 16
(Public add employees 32 no change 34 lay off employees 42
a) Conduct a test of independence to determine if the employment plan for the next 12 months is independent on the type of company at a .05 level significance what is your conclusion?
b) Discuss any differences in the employment plans for private and public companies over the next 12 months?
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If there are n firms in the marketplace also every firm charges p. Illustrate what is total producer surplus.
If this is true, explain why does not just one state produce all of the orange juice for the U.S. market.
Suppose that classical least squares assumptions apply and the true value of intercept term or is 0 in following model: yi=alpha + beta xi + epsilon i, Now estimate this model with and without an intercept term and compare the variance of the est..
Can you detect any difficulties that the Federal Reserve System might encounter in implementing monetary policy.
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What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users, versus the group of "social smokers"? Can we say whose demand is likely to be more elastic? Why?
The Chief Financial Officer, Mr. Smith told him it was impractical because it would require the issue of common stock at a cost of 16 percent to finance the purchase. Is the company following a logical approach to using cost of capital?
Draw the game tree associated with this situation. Using the backward induction method discussed in the online class notes, what will be the outcome of the game?
If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.
She gets pleasure not only from her spending money but also from her leisure hours. Draw her budget constraint in leisure-expenditure space.
Explicate which among the policies is most effective and least effective for this nation.
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