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Interpret the following output examining group differences for purchase intentions. The three groups refer to consumers from three states: illinois, Louisiana, and Texas. Assume the significance level is 0.05. In 2-3 sentences, what assumptions can you make? Tests of Between-Subject Effects Dependent Variable: int2 Source Type III Sum of Squares df Mean Square F Sig. Corrected Model 6681.746 2 3340.873 3.227 0.043 Intercept 308897.012 1 308897.012 298.323 0.000 State 6681.746 2 3340.873 3.227 0.043 Error 148068.543 143 1035.444 Total 459697.250 146 Corrected Total 154750.289 145 Law Dependent Variable: int2 95% confidence interval State Mean Std. Error Lower Bound Upper Bound IL 37.018 4.339 28.441 45.595 LA 50.357 4.965 40.542 60.172 TX 51.459 4.597 42.373 60.546 Comment
Discuss the following excerpt from a recent story in the Wall Street Journal. In your discussion demonstrate that you can use the concepts of: "price discrimination and "barriers to entry" to explain:
q1. competition in quality and service may be just as effective as price competition in giving buyers more for their
Over the past 30 years, health care expenditure in the U.S. grew at an average rate of 3.7% per year plus the rate of inflation, while expenditure on all other goods grew only 1% per year plus the rate of inflation. What seem to be the main reasons w..
Maria decides to switch a major and is now a student in business. in period 2, she will have a BA in business and her income will be $88000. determine Maria's lifetime wealth. determine consumption and sacving of maria in period 1 and period 2.
step by step all work shown answer and please show all calculations and how you got answer and make it very detailed all work shown please.
Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker and that a college economics student asks you to rank.
You think that you need $60,000/year to live on when you retire. Assuming an annual inflation of 3.4%, how much would you need in actual dollars per year 40 years from now to have the same purchasing capability?
Intel made large loyalty payments to HP in exchange for HP buying most of their chips from Intel instead of rival AMD. AMD sued Intel under the antitrust laws, and Intel settled the case by paying $1.25 billion to AMD. What incentive conflict was bei..
The long-run aggregate supply curve
Suppose that annual income from a rental property is expected to start at $1,350 per year and decrease at a uniform amount of $55 each year after the first year for the 12-year expected life of the property. The investment cost is $8,200, and i is 9%..
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
How do changes affect the equilibrium price and quantity of SUVs if pay increase for workers at car companies. What is the shift in the Supply and Demand Curves and provide a brief explanation of why each change occurs.
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