The p-value calculator add-in may prove helpful

Assignment Help Microeconomics
Reference no: EM13882306

The Dead sheet in FDistFoodStamps.xls contains data that does not bounce. The data were generated according to the following DGP:

Food Purchases = β0 + β1 Number of adults in family+ β2 Number of children in family+ β3 Cash Income+ β4 Value of Food Stamps + ε.

a. Test the following null hypothesis:

Null Hypothesis: β1 = β2.

Alternative Hypothesis: β1 /= β2.

Use both the F- and t-statistic procedures and show that they produce equivalent results. The P-value Calculator Add-In may prove helpful.

b. Perform this hypothesis test:

Null Hypothesis: β1 = β2.

Alternative Hypothesis: β1 > β2.

Reference no: EM13882306

Questions Cloud

Indonesia has announced the privatization of many small bank : Which of the following types of foreign banking operations would best suit the circumstance described? A major customer of a U. S. commercial bank requests a loan to finance growing export activity in Mexico. Management notices that an increasing num..
Compare the three distributions and write up your conclusion : Approximate the distribution of the F-statistics for the three error distributions using the LINEST function to obtain the Whole Model F- statistic and the MCSim Add-in. Compare the three distributions and write up your conclusions.
Algebraically solve for phytolifes formula and its unit cost : Write up the standard linear program for PhytoLife. Graph and show PhytoLife's feasible set and a cost line. Using graphical techniques show the most attractive point. Algebraically solve for PhytoLife's formula and its unit costs.
Basic competitive advantage over u s commercial banks : Identify several large foreign institutions that are major lenders in the United States. Do any have a basic competitive advantage over U. S. commercial banks? Explain.
The p-value calculator add-in may prove helpful : est the following null hypothesis:Null Hypothesis: β1 = β2. Alternative Hypothesis: β1 /= β2.Use both the F- and t-statistic procedures and show that they produce equivalent results. The P-value Calculator Add-In may prove helpful.
Slip range of induction motors : Industrial plant consists of 4-motors and transformer. Two induction motors and two synchronous motors are installed with the following data: The slip range of induction motors is between: s = 0.03-0.05
Why did the u s banking system develop so differently : The U. S. system of banking historically led to many more banks that were smaller in size and operated with few branches. Why did the U. S. banking system develop so differently from that of other countries? What factors have brought about a change i..
Is the organization''s strategy producing satisfactory result : Is the organization's strategy producing satisfactory results?
Analyze the role this director took during the emergency : Select one (1) FEMA director whom you believe performed admirably during a major U.S. emergency or crisis. Next, analyze the role this director took during the emergency or crisis. Provide a rationale for your response

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