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The data set education.dta contains data on the years of education of a random sample of 718 Americans, as well as the same information for both of their parents. It is likely that parents' achievements have some predictive power for their children's outcomes, as a result of both a hereditary component of intelligence and the possibility that higher educated parents stimulate their children more to do well at school. Thus, we consider the model educi = 1 + 2meduci + 3feduci +ui.
Question 1: We will ignore any heteroskedasticity and autocorrelation problems in the remainder of this question. However, discuss whether it is likely that these problems are present in our model.
Question 2: Beta2 and beta3 are allowed to be different. Now, what would the restriction beta2 + beta3 = 1 mean, in economic terms?
suppose that a popular hotel for vacationers in orlando florida has a total room of 300 identical rooms. as many major
compute a qq plot against a normal distribution with a mean of 5 and standard deviation of 1 and test for the goodness
To find the necessary sample size to achieve the given level of accuracy of prediction.
Steve then conducts a one-sample t-test on the data, knowing that there is an established mean for the publication of others that have taken this test of 6.
1. urn 1 contains 5 red 4 white and 6 blue marbles. urn 2 contains 12 red 2 white and 3 blue marbles. one urn is chosen
the operationalization of a construct means that there must be looked for as many related dimensions and elements of
question a box contains 18 computer disks 5 of which are known to have bad sectors. in how many ways can 4 disks be
consider the following. give your answers correct to two decimal places.a determine the value of the confidence
a study was conducted to determine whether flipping a penny or spinning a penny has an effect on the proportion of
The player’s college and the projected draft position for seven players from each conference are as follows. The National Football League (NFL) holds its annual draft of the nation’s best college football players in April each year. Prior to the draf..
Assume that the weights of coconuts are normally distributed with a mean weight of 17.6 pounds and a standard deviation of 1.2 pounds.
The BMW that she wants sells for $37,220, while the Mitsubishi sells for $28,200. She can afford either car. Which car will she buy in order to maximize her utility?
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