Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Statistical Inference: Confidence Intervals and Hypothesis Tests. Suppose that a sample of economists are forecasting whether and by how much the Federal Reserve Bank will change the federal funds rate when they meet in early February. Of the 20 economists surveyed, 5 believe that the Fed will leave the federal funds rate unchanged at 2.00%, 4 believe that the Fed will raise the rate to 2.25%, and 11 believe that the Fed will cut the rate to 1.75%.
a. Find the mean and standard deviation for the forecasted federal funds rate in this sample of economists.
b. Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
c. What assumptions are needed to justify the methods used in parts a & b?
d. What if you were told that all economists in the sample were employed at UC campuses? Which of the assumptions given in c do you think would be violated?
What if the pollution invades Baker's home and harms her health
A county is considering using a piece of park land for one of two alternative recreation projects.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
Determine the quantity demanded, the quantity supplied, and the magnitude
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.
If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd