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Question 1 You are given regression output of a model where the yearly salaries (in $) of CFL defensive players are regressed on their number of tackles performed in their career. Salary=57298+155.26 Tackles n=167 R2=0.145 (a) What would be the predicted salary of a really bad player? (b) What is/are the advantages of running this model in log-log form? (c) Interpret the coefficient in front of the regressor. Would you expect it to be in this range (negative/positive and size)? (d) Do you believe that the coefficient represents the unbiased effect of an increase in the average number of tackles on the salary of players? (e) Do you believe this is the correct specification of the model? Which changes, if any, would you make? Question 2 You are regressing the number of kilometers travelled by car per week, a linear and random variable, on years of education and distance between the address of the individual and an arbitrarily determined geographic point in the closest city conisdered "downtown" for a sample of Canadians. Do you expect to experience any problems with this regression? Which ones? Justify and describe which elements (sign and symptoms, consequences observed in the model) would confirm/infirm your expectations.
Mention and explain the two types of inflation. Which sort of inflation would most likely be associated with the negative GDP?
Illustrate what impact would the introduction of online rental of DVD'S have had on the in-store movie rental market.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
Assume that Florida migrant workers are effectively unionized. What will be the impact of unionization on?
What is outsourcing? Give examples of outsourcing in the manufacturing and services industries. Explain the examples. What is the difference between outsourcing and off shoring?
if the table shows the demand faced by a monopoly company then what is that firms marginal revenues as it increases output from 100 units to 300 units.
A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. D..
Estimate the own price-elasticity of demand.
1. economic analysis that takes into consideration linkages between markets is called ? a. partial equilibrium
According to the rule of 70, how long will it take for your income to double if you get a 5 percent raise every year? If you start work at the age of 23 earning $40,000 per year and get a 5 percent raise every year, how much will you be earning if yo..
Shelly s assets include money in the checking and savings accounts, investments in stocks and mutual funds, personal property, such as furniture, appliances, an automobile, coin collection and jewelry. Shelly calculates that her total assets are $108..
If you expect that the dividend will grow at a 8% rate into the foreseeable future, Elucidate the highest cost at which you would recommend purchasing this stock to your clients?
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