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In a multiple regression model using 400 students to explain college grade point average, the following explanatory variables and a constant term equal to 1 are initially included in the regression: high school GPA, ACT score, number of credits completed, mother's years of education, and father's years of education. The R^2 is .5. When the two parents' education variables are dropped, the R^2 becomes .4. Are the parents' education variables significant at the 1% significance level? Specifically state the null and alternative hypotheses, relevant test statistic, critical value, and a short explanation for how you reached your conclusion. (Hint: remember that the lectures and the book both explain how to conduct an F-test of joint significance using R^2 values from two regressions).
Graph the q = 100 isoquant. Indicate the points on that isoquant de.ned in part a and part b. What is the RTS along this isoquant? Explain why the RTS is the same at every point on the isoquant. So i know that my labor for part A is 80, labor for ..
Find data on GDP and its components, and compute the percentage of GDP for the follow-ing components for 1950, 1980, and the most recent year available. a. Personal consumption expenditures b. Gross private domestic investment
Why do you suppose the federal government gives special treatment to owners of fertile farmland rather than, say, automobile mechanics?
The affordable care act madates that everyone buy health insurance or face a penalty. This policy is likely to mitigate the adverse selection problem in health insurance markets, but its likely to add to the moral hazard problem of insurance marke..
The question is relates to Economics and the question is explain about a situation where in China with its Yuan, produces TVs with increasing technological progress and Russia.
using supply and demand illustrations and assuming competitive markets what is the effect on equilibrium price and
Assume that the required reserve ratio is 10%. If the Federal Reserve buys a $10,000 government bond from an individual in the economy, what is the initial effect on the money supply. What is the ultimate effect on the money supply
Congress's budget for the coming year includes a spending projection of $4.2 billion. Tax revenue projects $3.8 billion. Which fiscal policy would Congress have to adopt to maintain spending levels without increasing the debt?
Economics 312/702 -Macroeconomics: Problem Set 4. Suppose that the policymaker can commit implementing a rule xt = but for some b. Find the resulting equilibrium level of inflation
Joshua loans his son, Seth, $100,000 interest-free for five years. Seth uses the money for a down payment on his home. Assume that the applicable federal rate of interest is 5 percent.
Explain four problems with the argument that trade protection is needed to protect American jobs. b) Describe the economic reasons why businesses use offshoring.
Explain concepts of supply and demand and describe the concept of macroeconomic equilibrium - Discuss how aggregate demand and aggregate supply determine equilibrium price and output in the short-run and long-run.
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