Would you conclude that the water table was falling

Assignment Help Microeconomics
Reference no: EM13880933

A water expert was asked whether increased water consumption in a California community was lowering its water table. To answer this question, the expert estimated a linear regression equation of the form W = a + bt, where W = height of the water table and t = time measured from the start of the study period. (He used 10 years of water-table measurements.) The estimate for b was b = -.4 with a t-value of -1.4.

a. From this evidence, would you conclude that the water table was falling?

b. A second expert suggests yearly rainfall also may affect the water table. The first expert agrees but argues that total rainfall fluctuates randomly from year to year. Rainy years would cancel out dry years and would not affect the results of the regression. Do you agree?

Reference no: EM13880933

Questions Cloud

Explain desired skills and how they relate to the classroom : Explain the desired skills and how they relate to the classroom and home
Calculate the differences in cost and risk : Explain with examples how the cost of capital is determined. Calculate the differences in cost and risk. Explain why the costs and risks of external financing are important for the organization to understand. Explain why rapid growth plans are import..
Mortgage loan to buy the home : You decide to take out a 30-year mortgage loan to buy the home of your dreams. The home purchase price is $1,000,000. You manage to scrape together a $200,000 down payment and plan to borrow the balance of the purchase price. If you sell your house i..
Calculate the required rate of return for manning enterprise : Calculate the required rate of return for Manning Enterprises assuming that investors expect a 3.5% rate of inflation in the future. The real risk-free rate is 1.5%, and the market risk premium is 5%. Manning has a beta of 2.8, and its realized rate ..
Would you conclude that the water table was falling : A second expert suggests yearly rainfall also may affect the water table. The first expert agrees but argues that total rainfall fluctuates randomly from year to year. Rainy years would cancel out dry years and would not affect the results of the ..
Discuss the strengths and weaknesses of each crime : In a 2-3 page paper, complete the following: Select and discuss three (3) theories of crime. Discuss the strengths and weaknesses of each crime. Compare and contrast how well they explain variations in crime rates
Production opportunities? and risk? and inflation : What factors affect the cost of money? Use at least one outside source. You may form your own opinions as well but support them with research. I need examples to understand the four factors please.  Production Opportunities  - the returns available w..
Cook textiles leased a building with two acres : 1.On January 1, 2013, Cook Textiles leased a building with two acres of land from Peck Development.
Explain multiple aspects of the managerial planning process : Explain the multiple aspects of the managerial planning process and the application of various business- and corporate-level strategies

Reviews

Write a Review

Microeconomics Questions & Answers

  What happens to the supply and quantity supplies

Beer and pizza are compliments because they are often enjoyed together. When the price of beer rises, what happens to the supply, demand, quantity supplies, quantity demanded, and the price in the market for pizza.

  Excise tax on a commodity

Identify the fallacy in the following discussion: "The effect of an excise tax on a commodity might seem at 1st sight to increase the value that buyer pay.

  Define economic profit or loss, atc

b. What is the Economic profit or loss you are making? c. What output level is the minimum point for Average Total Costs (ATC)? d. What output level, Q, and price/trip, P, will economic profits be zero? Note

  Determine what is the cumulative change in concentration

Determine what is the cumulative change in concentration of iodide ion at each of these four times?

  Calculate the dol and break even point for this production

Suppose a company is producing 1000 units of bottled power drink priced at $5. It is using a manufacturing process with a fixed cost of $1450 and a variable cost of $2.75 per unit (AVC).

  How legalizing marijuana will stimulate the american economy

How legalizing marijuana will stimulate the American economy.

  Economy experiencing a recessionary or an expansion arty gap

Given Y*=5000 and Y=5300. 1.) Compute the output gap for this economy. 2) Is the economy experiencing a recessionary or an expansion arty gap? Why?

  Level of precision needed in a short-term forecast

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  Higher interest rates-more capital invested

Using the four scenarios referred to in this chapter; choose periods when each scenario has occurred in the U.S. or other countries:

  17 assume a certain firm in a competitive market is

17. assume a certain firm in a competitive market is producing q 1000 units of output. at q 1000 the firms marginal

  Cost curves in perfect competition industry

Catfish farming in Louisiana is a perfect competition market. Hence, customers of catfish are getting their catfish at the minimum cost per unit of manufacturing catfish, and they are very happy.

  Suppose the economy were very strong and unemployment very

suppose the economy were very strong and unemployment very low. wages after inflation rise for most americans by about

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