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Question: In Exercise we considered the relationship between grade-point average (GPA) and weekly hours spent in the campus pub. Suppose that a freshman economics student has been spending 15 hours a week in the Orange and Brew during the first two weeks of class. Calculate a 90% confidence interval for his GPA in his first quarter of college if he continues to spend 15 hours per week in the Orange and Brew. Suppose that this freshman remains in school for four years and completes the required 12 quarters for graduation. Calculate a 909Cconfidence interval for his final cumulative GPA. Suppose that the minimum requirements for acceptance into most graduate schools for economics is 3.25. What are the chances that this student will be able to go to graduate school after completing his undergrate studies?
Exercise: At a large state university seven undergraduate students who are majoring in economics were randomly selected from the population and surveyed. Two of the survey questions asked were:
(1) What was your grade-point average (GPA) in the preceding term?
(2) What was the average number of hours spent per week last term in the Orange and Brew? The Orange and Brew is a favorite and only watering hole on campus. Using the data below, estimate with ordinary least squares the equation
G = α + βH
where G is GPA and H is hours per week in Orange and Brew. What is the expected sign for β? Do the data support your expectations?
How will it compare to the price of a American call option exercisable across the period [t1, t2]? How would you carry out the practical pricing of this option?
Compare the results of i) to the exact solution and comment on the accuracy of the numerical algorithm and adopted step size.
The following are the costs: The average cost per full-time personnel hour (fringe benefits included) is $10.11 . The average cost per overtime personnel hour (for full timers), starting rate excluding fringe benefits is $8.08 .
Seven jobs are to be processed through a single machine. The processing times and due dates are given here.
The periodic function of Fig. is expressed in a trigonometric Fourier series. Find the error if only three terms of the Fourier series are used.
Firm PQR produces a product 'Alpha' under perfect competition market conditions. The cost function for the firm is:
Over the period 1980-2003, Lebanon averaged per capita GDP growth of 2.9 percent per year. Over that same period, total physical capital (K) grew by 8.1 percent
1. Describe the typical organization of both a smaller, community oriented bank and a large, money-center bank? What does each major division or administrative unit within the banking organization do?
Ms. Wilson has also negotiated an agreement with Lighting Quick Intermodal, Inc. (LQI), a third-party carrier that utilizes both motor and rail transportation.
Let f: [a, b] → R be a continuous function, and y any number between f(a) and f(b) inclusive. Then there exists a point c ∈ [a, b] with f(c) = y. Prove the Intermediate Value Theorem
Prove the theorem of Tinseau, that the orthogonal projection of a space curve onto a plane has a point of inflection (a point where κ(s) = 0) if the plane is perpendicular to the osculating plane of the curve (the plane spanned by T(s) and N(s))
Consider an EOY geometric gradient, which lasts for eight years, whose initial value at EOY one is $5,000 and = 6% per year thereafter.
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