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You have been hired by a local used car dealer to help in their pricing of used cars.They want to know whether the prices of the cars they sell are more influenced by the age of the car or by the mileage on the car.
Using the data found in the Excel file, following the same steps outlined in the Lecture, run two separate regressions one utilizing age of the car, one utilizing mileage on the car and obtain the results table similar to the one contained in the Lecture OR similar to the one in your text found on page 127.
what the estimated coefficients mean for each of these regressions. Then interpret what the R Squares mean as well. Which of the two variables, age or mileage, is a better predictor of what a car will sell for? Why?
Summarize an article using at least three economic terms and theories covered in class. Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this chan..
A great deal of expensive research is invested in developing technologies to deliver productive agriculture. Horticultural efforts to breed hybrid crops are seen as far back as history can observe, and there have been efforts to domesticate improv..
Draw the PPF. If new technology in computer production is invented and adopted, what will happen to the PPF. Find the opportunity cost of first 4 units of computer.
Spell out the types of policies also practices companies should develop if they want to keep their workers from unionizing.
What are the advantages and disadvantages of a fixed exchange rate system. What are the pros and cons of a floating exchange rate system.
Assuming individuals hold no cash (all cash is in bank vaults as reserves), calculate the simple money supply from the following reserves requirements and deposits in the systems. 5 Points each, 30 points subtotal
Utilizing the info above, which country has a comparative advantage in producing cars and which has a comparative advantage in producing trucks.
Donaldson + son has an ROA of 10 percent, a 2 percent profit margin, and a return on equity equal to 15%. What is the company's total assets turnover?
Explain how a consumer as well a business in the perfectly competitive arena maximize utility, discussing any similarities.
Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a cola is $3 a can. a. What is Sara's real income in terms of cola? b. What is her real income in terms of popcorn?
Total population coincides with total workers and is denoted by L and compute the Solow residual and describe clearly the changes that occur to the graph and compare the final result with the initial situation
Tim buys 2 pizzas and sees 1 movie a week when he has $16 to spend. The price of a movie ticket $8, and the price of a pizza is $4. Draw Tim's budget line. If the price of a movie ticket falls to $4, describe how Tim's consumption possiblities cha..
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