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You want to study the probability of a basketball player getting drafted in the NBA. You collect data on their performance in college basketball tournaments. The dependent variable is 1 if the player gets drafted, and 0 otherwise.
A) What variables can affect the probability that a college player gets drafted to the NBA?
B) What would your null and alternate hypothesis be?
C) What model will you use to estimate the probability?
D) How do you interpret the impact of the variable that you stated in the null and alternate hypothesis?
Suppose that inventories fall by $2 billion, consumption increases by $8 billion, unemployment insurance payments decline by $4 billion, and imports rise by $1 billion. By how much should measured GDP change?
In Akerlof’s lemons problem, with symmetric information, suppose that 5 cars are available in equal quantity and with quality levels 0, 1, 2, 3, and 4. Suppose the sellers have a reservation price of $2,000 per unit of quality, and the buyers value c..
Besides raising taxes and issuing debt, the U.S. government (Treasury Department) can also secure funds by borrowing directly from the FED. What is the potential danger of this route? What are the implications for investors and for public policy of e..
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The time for a new instructor to create a Blackboard test question and check it out is 219 minutes. Determine the time in minutes or fraction thereof for him to create the 39th question if the average coefficient of learning is 0.77.
And asset will cost $1,989 when purchased this year. It is further expected to have a salvage value of $243 at the end of its 9-year depreciable life. Calculate the book value at the end of year 2 using method #2. Provide the answer with two decimal ..
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Describe how a surplus of money leads to a change in bond prices and interest rates. Explain all the steps.
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