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In a study of starting salaries for assistant professors, five male assistant professors at each of three types of doctoral-granting institutions were randomly polled and their starting salaries were recorded under the condition of anonymity. The results of the survey (measured in $1000) are given in the following table.2
a What type of experimental design was utilized when the data were collected?
b Is there sufficient evidence to indicate a difference in the average starting salaries of assistant professors at the three types of doctoral-granting institutions? Use the table in the text to bound the p-value.
c Applet Exercise Determine the exact p-value by using the applet F-Ratio Probabilities and Quantiles.
where there is a natural monopoly situation there may be a case for government intervention either in the form of price
For uncovered parity interest the one year interest rate goes form 5%o 9%. The foreign interest rate is 5% and et0 =.80 what is et1 that brings exchange rate back to long run equilibrium in t2
The general demand function for a good, Good A, is: Is Good A a normal good or an inferior good? How do we know exactly?
Lady Wellesleigh makes silk purses out of sows’ ears. She is the only person in the world who knows how to do so. It takes one sow’s ear and 1 hour of her labor to make a silk purse. She can buy as many sows’ ears as she likes for $1 each.
You have been assigned the task of creating a multiple regression equation of at least three variables that explains Microsoft's annual sales. Consider using a time series of data of at least 10 years.
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Please briefly explain how the inflation rate, as measured by the GDP deflator, behaves during recessions. We'll be using what you find this later in our course.
Find the first order conditions and find the asset demand function for a when utility takes the log form, as in 1B above.
Select a current exchange rate practice and explain the economic factors that influence that practice. As always, please provide references to support your efforts.
Two countries, Richland and Poorland, are described by the Solow growth model. They have the same production function F(K,N) = KaN1-a. Richland saves 32% of its income, Poorland saves 10%. Richland has a population growth rate of 1% per year, P..
Define the Marginal Product of Physical Capital. Define the Value of Marginal Product of Physical Capital.
Which model should the consulting firm buy? A consulting engineering firm is considering two models of SUVs for the company principals. A GM model will have a first cost of $26,000, an operating cost of $2000, and a salvage value of $12,000 after 3 y..
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