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1.What is the relationship between confidence intervals and hypothesis testing? How are they the same? How are they different? Which one is better? 2.In your own words, explain what central limit theorem and sampling distributions are. How can it help us to bridge descriptive statistics and inferential statistics? 3.What would be Effective Data Driven Decision-Making for companies, explain.
4.Hypothesis vs Prediction
5.EXPLAIN SAMPLING METHODS
1. use the information in the table below to answer the following questions.nbspqavcatcmcmr1p1mr2p20
Consider the choices of two groups of women ages 30 to 50. All the women in one group have a college education. All the women in the other group have less than a high school education
What is the common economic issue or policy debate these three articles are addressing? Is this still relevant today and are the authors making policy recommendations, or criticizing some policy ideas? What, specifically?
what is the difference between real and nominal gdp? does gdp accurately reflect the nations welfare? why or why not?
The United States is considering relaxing the trade embargo it has against Cuba, how would this affect Cuba's economy in both the short and long run?
use the internet to research an oligopoly not discussed in the text. describe the oligopoly you researched and explain
Assume an economy without any technological progress. using a Solow model with an alpha parameter of 0.5 determine the steady state amount of capital stock (K*), total output (Y*) and consumption (C*) when savings is 20%, population grows at a rate o..
.if individuals are free to produce whatever goods they want, then when excess profit is being made, more people will enter into the production of that good and consumers will benefit as the price is pushed down.
State the conditions under which a nation can gain from international trade in the context of both comparative and absolute advantage, and describe the benefits of international trade.
Proponents of zero inflation argue that even mild inflation (1 to 3 percent) reduces the economy's real output. Do you agree or disagree with this assessment? Why?
the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what ha..
Track exchange rates, interest rates, and GDP (and any other relevant measures) for Dominican Republic for the past 10-20 years (compared to the United States or another relevant country) and discuss the numbers in terms of the theory we have covered..
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