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A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months), gender (0 = female, 1 = male) and job type (0 = clerical, 1 = technical). The following ANOVA summarizes the regression results: Df Ss Ms F Regression 3 1004346.771 334782.257 5.96 Residual 26 1461134.596 56197.48445 Total 29 2465481.367 56197.48445 Coefficients Standard Error T Stat P-Value Intercept 784.92 322.25 2.44 0.02 Service 9.19 3.20 2.87 0.01 Gender 222.78 89.00 2.50 0.02 Job -28.21 89.61 -0.31 0.76 In the regression model, which of the following are dummy variables? (a) Intercept (b) Service (c) Service and gender (d) Gender and job
Suppose the utility function is given by: u(x,y) = 3x+4y. What kind of goods are X and Y and what is the MRS?
Potatoes cost Janice $0.50 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50,
if we impose any rule and regulation on clasical model like not expoit polutionso what is effect on factor of clasical model
This problem involves the question of computing change for a given coin system. A coin system is defined to be a sequence of coin values v1 (a) Let c ≥ 2 be an integer constant
I am working on a project for my class and this week discussion is on international trade and exports. what I am needing is the information for the 1970s
You need to choose between two replacement compressor options. One costs $6400 and is 70% efficient. The other costs $9800 and is 85% efficient. Both have an average life of 8 year
The aggregate production function Definition Imagine the national economy during a short period of time (say one week). We refer: L: total amount of work used duri
Suppose that a grocery store buys milk for $2.10 and sells it for $2.60. If the milk gets old then the grocery store can sell their unsold milk back to their wholesaler for $0.60 (
Explain why anti-trust legislation supports a perfectly competitive market. Give at least one specific example of legislation to justify your explanation.
Describe how price level evolves over time Using the time series we can study how price level evolves over time. If all prices rose by 2% during one month, price level would ri
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