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Question: This exercise provides an example of a pair of random variables X and Y for which the conditional mean of Y given X depends on X but corr(X, Y) = 0. Let X and Z be two independently distributed standard normal random variables, and let Y = X2 + Z.
Some people advocate government funding of college scholarships as a way of creating a more egalitarian society. Others argue that scolarships help only those who are able to go to college. Do your answers to the preceding questions shed light on ..
Distinguish between private and social costs and use this distinction to explain why the air in cities is so polluted from automobile exhaust fumes. Examine how government can try to correct this externality.
Briefly write and explain Friedman's methodology of "Positive Economics". Do you think the discrimination of economics as "normative" and "positive" is a logical move in building theory?
What is the purpose of the Declaration of Helsinki? Discuss considerations when balancing risks, burdens, and benefits of medical research. What is a goal of informed consent? Please contain a minimum of 2-3 peer-reviewed references.
i) Show that this insurance is a good deal for each type of consumer ii) Show that the insurance company makes money on average with each type of consumer.
In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
The purpose of the term paper is to give you an opportunity to apply the economic concepts, principles, tools, and models that we have and will examine in this course to interpret current macroeconomic events. You may decide the exact topic of the..
If an agent is liquidity constrained, then an unexpected increase in transitory income of $100 can result in the agentís current consumption increasing by $100"
if you were born in 1991 ,research govenment purchases for the year 1996. Then name 2 events/products/ services that contributed to the growth.
Best Buy and Circuit City are competitors in the customer electronics market. Both have relatively large margins on plasma TV's. Essentially,
Create a phone application that allows the user to take a picture and send it to an SMS or email address. The application should also allow the user to set a timer to delay the shot so they can be part of the picture. Features should also include:
The average price/gallon of gass in July over the past 4 years was $2.74, $3.65, $3.45, and $3.63. Use linear regression to predict the price of gas the following year? How would I set up this problem? Do I use years as my x variable?
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