What is the highest achievable test score

Assignment Help Microeconomics
Reference no: EM13882373

Suppose that in a particular state a standardized test is given to all graduating se- niors. Let score denote a student's score on the test. Someone discovers that perfor- mance on the test is related to the size of the student's graduating high school class. The relationship is quadratic:
score 45.6  .082 class .000147 class2,

where class is the number of students in the graduating class.

(i) How do you literally interpret the value 45.6 in the equation? By itself, is it of much interest? Explain.

(ii) From the equation, what is the optimal size of the graduating class (the size that maximizes the test score)? (Round your answer to the nearest integer.) What is the highest achievable test score?

(iii) Sketch a graph that illustrates your solution in part (ii).

(iv) Does it seem likely that score and class would have a deterministic relationship? That is, is it realistic to think that once you know the size of a student's graduating class you know, with certainty, his or her test score? Explain.

Reference no: EM13882373

Questions Cloud

What causes an electromagnetic wave to be emitted : What causes an electromagnetic wave to be emitted
Difference between rational expectations and adaptive expect : What is the difference between rational expectations and adaptive expectorations?
How do two isotopes of the same element differ : How do two isotopes of the same element differ and Which of the following balls would have the greatest amount of kinetic energy if they are all traveling at 10 m/s
How you ensure that it is instructional teaching experience : How will you ensure that it is an instructional, creative teaching experience rather than devotional? Give an example of a lesson where you can integrate Christianity in a public school setting.
What is the highest achievable test score : Does it seem likely that score and class would have a deterministic relationship? That is, is it realistic to think that once you know the size of a student's graduating class you know, with certainty, his or her test score? Explain.
Is the decrease in the unemployment rate always a good : Is the decrease in the unemployment rate always a good thing?
Evolution of an erosional floodplain from a mountain stream : Describe the evolution of an erosional floodplain from a mountain stream. Explain the processes that take place to change the landscape
How can we effectively start to address cyber war : How can we effectively start to address cyber war and cyber terror? How can we affectively address cyber bullying? How has hacking and the motivation of attackers evolved?
Assignment is to use social science inquiry skills : The objective of the assignment is to use social science inquiry skills such as analyzing claims

Reviews

Write a Review

Microeconomics Questions & Answers

  Income and substitution effects

What happens to the student's budget line? Illustrate the change with new books on the vertical axis. Is the student worse off or better off after the price change. Explain.

  The investment or government spending multiplier

Does an increase in the size of the marginal propensity to consume have the effect of increasing, decreasing, or not changing the size of autonomous spending multipliers (that is, the investment or government spending multiplier)?

  Moral hazard incentive problem

The bar discovers that the customers for this promotion are not its usual clientele. Instead, the customers tend be politicians who consume an amazing amount of liquor.

  The concepts of supply and demand to life situations

The concepts of supply and demand to life situations.

  What have they done lately

What have they done lately

  Fiscal stimulus than an equivalent amount of tax cuts

In the context of fiscal policy and with reference to the multiplier, describe why a given dollar amount of direct government expenditures (G) yields more fiscal stimulus than an equivalent amount of tax cuts.

  Does either player have a dominant strategy

Does either player have a dominant strategy? Does either have a dominated strategy? Explain.

  Change in demand versus a change in quantity demanded

What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to differentiate between these similar-sounding terms?

  Describe the basic features and characteristics of

describe the basic features and characteristics of bonds. what is a convertible bond and why do investors

  Methodological individualism and social science describe

methodological individualism and social science. explain the following phenomenon from a perspective of methodological

  One of the major problems facing cisco systems

One of the major problems facing Cisco Systems and other direct sellers is

  Supply chain and the supply and demand model

Discuss the relationship between supply chain and the supply and demand model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd