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A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months), gender (0 = female, 1 = male) and job type (0 = clerical, 1 = technical). The following ANOVA summarizes the regression results: Df Ss Ms F Regression 3 1004346.771 334782.257 5.96 Residual 26 1461134.596 56197.48445 Total 29 2465481.367 56197.48445 Coefficients Standard Error T Stat P-Value Intercept 784.92 322.25 2.44 0.02 Service 9.19 3.20 2.87 0.01 Gender 222.78 89.00 2.50 0.02 Job -28.21 89.61 -0.31 0.76 In the regression model, which of the following are dummy variables? (a) Intercept (b) Service (c) Service and gender (d) Gender and job
The Stop decay company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per month over the past year. Recently, its closest competitor, Decay fighter, redu
What are the pros and cons of outsourcing in order to keep prices down?
Consider the above table. Assuming the government imposes a price floor on garbanzo beans of $8, what would be the likely result? a. no change, equilibrium would prevail b. T
A local movie theater wants to know how much popcorn they should stock for a given movie showing. Records from 94 movies reveal a mean of 57 boxes and a standard deviation of 17.8.
give and explain national income variation
Suppose that an individual stock's return is normally distributed with a mean of 9% and a standard deviation of 4%. What is the probability that the stock's return will be less tha
The AS curve Say that nominal wage in year 1 (at a particular point in time) is equal to 1000. On the horizontal part of response curve, real wage is constant and equal to its
An increase in growth rates will cause the production possibilities curve to a. shift inward. b. become steeper. c. become flatter. d. shift outward.
Give brief Introduction about Interest rate When you borrow money, you usually have to pay a fee for the loan. This fee is often called interest, particularly if the fee is pr
A significant argument for the augmentation has to do with concept of money illusion. Money illusion means that you care about nominal rather than real amounts. Imagine that your s
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