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ECONOMETRICS -- Simple Linear Regression
1. Find the predicted compensation with the productivity of 100. What is the residual for the observation of the base year, 1992?2. Is there strong evidence that the compensation is linearly related to productivity? Justify your answer.3. Find a 95% confidence interval for the slope parameter B2.4. Is there strong evidence that B2 is greater than 0.65? Justify your answer using the level of significance alpha=0.05.5. Find the 90% confidence interval for the mean compensation when the productivity is 85 and interpret the CI.6. Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the CI.7. Check the normality assumption.
Explain the relationship among the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced.
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
Determine the point price and income elasticity’s for household furniture. b. What interpretation would you give to the exponent for R?
Let us assume you and ten of your friends are going to open and invest in a business. You do not want to pay double taxation on the profits. You want a type of ownership where profits must be distributed based on how much each person has invested ..
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Is there anything in what we have studied, that can point us towards an equitable solution to this problem while still protecting the environment we all share? What is that solution?
"Suppose the market for oranges is disturbed by below-freezing cold weather that destroys much of the orange crop in the California. Predict what will happen to the equilibrium price and quantity in the market for oranges because of this natural d..
Explain effects of monetary policies on economy's production and employment. Cite your references appropriately. If you used an electronic source, include URL. If you used a printed source please attach a copy of data to your paper.
Will it shift to the right or left? Where will the equilibrium be on the LRAS now? What is the correct answer here and why?
Compare and contrast the facility costs of VectorCal and the US Government. Determine at least two advantages for using facility costs for both VectorCal and the US Government. Explain your rationale. "Procedures of FCCOM".
Alejandro scoobert owns a store specialization in soccer jerseys. Illustrate what was the value added to Alejandro store in 2008.
Illustrate what is the effective rate of protection on the process of turning corn into ethanol.
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