Is the estimated slope of the line

Assignment Help Microeconomics
Reference no: EM131008061

RateMyProfessors.com. A popular website among college students is RateMyProfessors.com (RMP). Established over 10 years ago, RMP allows students to post quantitative ratings of their instructors. In Practical Assessment, Research and Evaluation (May 2007), University of Maine researchers investigated whether instructor ratings posted on RMP are correlated with the formal in-class student evaluations of teaching (SET) that all universities are required to administer at the end of the semester. Data collected for n = 426 University of Maine instructors yielded a correla- tion between RMP and SET ratings of .68.

(a) Give the equation of a linear model relating SET rating (y) to RMP rating (x).

(b) Give a practical interpretation of the value r = .68.

(c) Is the estimated slope of the line, part a, positive or negative? Explain.

(d) A test of the null hypothesis H0: ρ = 0 yielded a p-value of .001. Interpret this result.

(e) Compute the coef?cient of determination, r2, for the regression analysis. Interpret the result.

Reference no: EM131008061

Questions Cloud

What is the specific citation that describes the guidelines : What is the specific citation that describes the guidelines for determining what items should be deemed cash equivalents?
High-demand periods : Market segmentation and chance. Aaron'sAir (see Exer- cises 32 and 34) estimates that high-demand periods (which depend on the weather and on bookings for confer- ences) occur with probability .3 and medium demand peri- ods occur with probability ..
Conduct a test to determine whether the two variables : In one variation of the experiment, two variables were measured: active head movement (x, percent per degree) and body plus head rota- tion (y, percent per degree). The data for n = 39 trials were subjected to a simple linear regres- sion analysis..
Would you expect the correlation to be positive or negative : GPA and IQ. Do you believe that the grade point average of a college student is correlated with the student's intelligence quotient (IQ)? If so, will the correlation be positive or negative? Explain.
Is the estimated slope of the line : Data collected for n = 426 University of Maine instructors yielded a correla- tion between RMP and SET ratings of .68. Give the equation of a linear model relating SET rating (y) to RMP rating (x).
How integrate information into safety management system : Conclusion - what are your thoughts and/or conclusions about the topic. How would integrate this information into a Safety Management System? How will it support it? How will your new knowledge make the SMS better
Compute the first derivative of given function : Find the first derivative of f. Find all critical points of f. Identify those intervals where f is increasing and those intervals where f is decreasing. Use the first derivative test to identify local extrema.
What was the inventory turnover : Maple Leaf, Inc., a television manufacturer, would like to reduce its inventory. In addition, the cost of goods sold last year was $15 million. What was the inventory turnover
Compute and interpret the coef?cient of determination r2 : For the 13 obese young adults, the researchers reported a correlation of r = .50 between base- line and follow-up physical activity, with an associated p-value of .07. Give a practical interpretation of this correlation coef?cient and p-value.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd