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a) Explain what is calculated by a correlation coefficient.b) Why do economists commonly find regression a more useful tool than correlation?c) In a sample of 102 men the correlation among age and monthly donations to charity is found to be 0.2.Test whether this correlation is significantly among from zero and comment on your result.
DISCUSS THE CENTRAL ECONOMIC PROBLEM FACING THIS GROUP OF SURVIVORS
Assume the price elasticity of cigarettes is 0.25. By how much would prices have to increase to get a 20% reduction on smoking?
A firm has the following inverse demand function: where Q is Quantity and P is Price (a) Find the firm's marginal revenue function. (b) Find the level of out
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Derive marginal benefit of reducing principal balances
Over the next two years, Susan's income will be $33,000 in the first year and $33,000 in the second year. She can both borrow and lend money at the 10% of annual interest. (a) W
Question: The data needed to answer this question are in Assignment3.dat, which is a subset of a larger dataset on wages and attributes of husband and wives in American househo
what is collinearity?
The textbook states, “Prejudice by itself did not create American slavery.” Examine the forces and events that led to slavery in North America, and the role that racial prejudice p
Help with how to calculate a value from the dickey fuller test
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