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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.
#question.elaborate the different methods for the estimation of simultaneous equation model in case of exact and over identification?
examples
advantages and disadvantages
Peter's utility function is u(x, y) = x + 2y where x is the number of ounces of coffee and y is the quantity of sugar in grams. Let unit prices be given by P x = 6 cents, P
Students in the red/black card game had to make individual deals. How would the situation change if they could bargain collectively?
(a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the finding
A thick walled cylinder has internal and external diameters of 120 mm and 420 mm respectively. It is made from a ductile elastic material of your choice and is used to contain hot
Hello, I have an online economics quizzes. three quizzes each quiz 50 questions for 1.5 hour. its on R. Glenn Hubbard and Anothony Patrick O''Brien- Microeconomics, 4th Ed.I did th
Suppose a small open economy is characterised by the following equations/information: Y =6K 0 L 1-α K 0 = 30,000 L 0 = 10,000
Ask q2. Using a sample of 545 full-time workers, a researcher is interested in the question as to whether women are systematically underpaid compared with men. First, a research es
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