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In a study of salary discrimination in a company, data are collected on the monthly salary and the characteristics of the employees. A regression model is specified with monthly salary Y as the dependent variable and gender as an independent variable. Beside gender, the only other independent variable is whether the employee does clerical work or not. Hence the independent variables in the regression model are D1, a dummy variable that is 1 if the employee is female and 0 otherwise and D2, a dummy variable that is 1 if the employee does clerical work and 0 otherwise. The regression model has also an intercept. It is suggested that the treatment of male and female employees in the regression model is asymmetrical. To remedy this, the researcher includes a third dummy variable D3 that is 1 if the employee is male and 0 otherwise. The researcher does not succeed in estimating the model that also contains D3. Why?
Can we use IS-LM model to explain what happened in the economy in long run? Show how the short run equilibrium adjust when price level adjust to ensure that the economy produces at its natural level.
Provide one example each of a workforce scheduling, a blending, and a logistics linear optimization problem not discussed in the textbook. What is being optimized in each of your examples and why?
The expected annual net savings in operating costs will be $25,000 during the first year and $40,000 during the second year. If your interest rate is 10%, what would be the equivalent net savings per machine-hour?
q.in a certain city where all parking is controlled by the city it is possible to provide parking facilities in the
Entrepreneurship has become the new way of doing business in our world. With economies in decline and organizations downsizing and the lack of opportunities that satisfy, entrepreneurship has been born.
Explain the “Complexity Gap” that Corporate CEO’s complain about and how Marketers can eliminate or mitigate much of the uncertainty of determining consumer behavior.
A large automobile manufacturing company is considering the installation of a high-tech handling system. The initial cost of the system is $30,000,000 and it is estimated it will save $7,500,000 per year in manual labor, and will incur $2,750,000 in ..
You are the manager of a firm that competes against four other firms by bidding for government contracts. While you believe your product is better than the competition.If this legislation is passed, by how much should you expect your profits to chang..
Please provide a graphical example and explaination of what could potentially happen to the number of people employed in an economy if the government were to decide to raise the minimum wage from $7.00 to $15.00; in addition, provide an explanation o..
Large number of independent loan prospects are available, each paying return of $16 on $100 with probability of 1/2 and 1/2 of $4 return. Each saver in economy derives happiness from income according to: H= I^(1/2) Competition between banks so each h..
The Road Runner Club contributes money to Senator Sly's reelection campaign fund, and Senator Sly helps pass legislation to add more jogging paths across the state
A high pressure pump at a methane gas (bio fuel) plant in Memphis costs $29000 for installation and has an estimated life of 12 years. By the addition of a specialized piece of auxiliary equipment, The maximum expenditure for the auxiliary equipment ..
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