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ECONOMETRICS -- Simple Linear Regression
1. Find the predicted compensation with the productivity of 100. What is the residual for the observation of the base year, 1992?2. Is there strong evidence that the compensation is linearly related to productivity? Justify your answer.3. Find a 95% confidence interval for the slope parameter B2.4. Is there strong evidence that B2 is greater than 0.65? Justify your answer using the level of significance alpha=0.05.5. Find the 90% confidence interval for the mean compensation when the productivity is 85 and interpret the CI.6. Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the CI.7. Check the normality assumption.
It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution
If the interest rate is 8%, determine if the new column should be purchased. Solve by both present worth and annual cash flow analysis methods.
Daily demand for admission tickets can be written as P = 36 - 0.05Q so that MR = 36 - 0.1Q, where P is the price of a ticket and MR is the marginal revenue. Elucidate at what price will CPT sell admission tickets to maximize its profit.
You have been hired to manage a small manufacturing facility whose cost and production data.
Explain why do you think maximising sustainable yield is often suggested as the appropriate goal of fishery.
Consider that two countries, Brazil and Argentina, have the same rates of investment, population growth, and depreciation. They also have the same levels of capital per worker.
A glass factory sold $1,000,000 of glass to an automobile factory. An automobile factory sold $10,000,000 in automobiles to final consumers. Given these events, calculate the GDP of Autoland using a. the final goods approach. b. the value-add..
Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.
The inverse demand that duopoly quantity-setting firms faces is p = 90 - 2q1 - 2q2. Firm #1 has no marginal cost of production, while firm #2 has a marginal cost of $30. How much does each firm produce if they move simultaneously? What is the equ..
The data-plotting tool will automatically connect the points with a line.
Now suppose Starbucks introduces world to premium blends, and so demand rises substantially.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
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