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An ecologist is interested in the possible negative effects of marinas and boat mooring areas on the abundances of fish. Having read Hurlbert's paper about pseudoreplication, he decides to examine this by randomly choosing 4 marinas, 4 boat mooring areas, and 4 undisturbed locations for comparison, while also ensuring these three different types of locations were spatially interspersed. At each of these 12 locations, he then counted the number of fish over a set period of time underwater at each of five random sites.
a. Determine the experimental design associated with the dataset he obtained.
More specifically, identify the factors in this experimental design, whether they are fixed or random and their relationships with one another (crossed or nested).
b. Write down the model, being sure to define your notation and to articulate any model assumptions.
c. Write down the Source, degrees of freedom (df) and expectations for mean squares (EMS) for each term in the model that would be used for an analysis of variance of this dataset.
An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
Function given: Qt=A0Lt^6Kt^4, Lt=L0e^.03t, Kt=K0e^.02t 1. Growth of labor is continuously compounded at 3% 2. Growth of Capital is continuously compounded at 2% Solve:
Assume the United States has the following consumption information: GDP = Income Consumption
1. To assess your ability to conduct quantitative data analysis and interpret the results of data analysis introduced inForecasting Trend. 2. To assess your ability to communicate
DEFINE IS CURVES AND DRIEVE IT
THE MODEL BUILDING A model of individual or aggregate economic phenomena represents a simplification of real world economic complexities. It may be expressed in words, ta
Beverly enterprises owns a nursing home that is currently earning $2.0 million in cash flow on an annual basis, but this amount is expected to drop in the future. The nursing home
In monopolistic competition: a) Firms face a perfectly elastic demand curve b) All products are homogeneous c) Firms make normal profits in the long run d) There are ba
Roles of government in controlling market forces under neoclassical view
What are forms of price ceiling to lead inefficiency? Price ceilings frequently lead to inefficiency into the forms of: a. Ineffective allocation to consumers b. Wasted r
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