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Typically one would use statistical software to calculate regression lines, but it is probably a good idea for everyone to compute one regression line by hand.
Show your calculations. Here is the dataset:
Obs. Xi Yi
1 10 16
2 7 12
3 4 8
4 4 4
5 10 20
(Hint: Start by computing X and Y. Add columns to this table for each element of the formula for the slop parameter: Xi-X , Yi-Y , etc...)
In a regression of Y on X,
a. What is your estimate of the slope parameter?
b. What is your estimate of the intercept?
c. Write an interpretation for the slope and the intercept.
Other things equal, would the formation of a customs union with many members be more likely or less likely to improve welfare for a given member country than the formation of a customs union with only a few members? Why or why not?
The present value of a dollar rises as
The graphical relationship between real gross domestic product (GDP) and capital is called the:
With respect to factors of production, which of the following statements is not true?
q1. the lojack car recovery system allows the police to track stolen cars. as a result they not only recover 90 percent
The North American Free Trade Agreement (NAFTA) went into effect on January 1, 1994. This sweeping agreement is designed to open the borders separating Canada, Mexico, and the United States to the free exchange of goods and services.
Define the equilibrium for this environment. Solve for the equilibrium you defined in part. Perform a cost benefit analysis for the project defined in part.
A 50-kilowatt gas turbine has an investment cost of S40,000. It costs another S17,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $500 per year. Additionally..
If the owners could have earned a 20% annual rate of return on the invested money, explain how would the economic profit change (all else equal). How would the accounting profit change.
The marginal cost pricing model calculates a markup over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
Need help with the paper on federal reserve system and its monetary policy tools. Also discuss the influence of federal funds on major economic indicators like inflation
HomeGrown is a small restaurant that specializes in serving local fruits, vegetables and meats. The company has chosen to enter into a long-term relationship with Family Farms, a local farming operation. The two parties have decided to enter into a l..
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