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Assume that you have collected a sample of observations from over 100 households and their consumption...
Assume that we have observations from two different populations. The data collected have sample sizes 1 = 25 and n2 = 29. The mean of sample 1 is 18 and the mean of sample 2 is 16. Furthermore, the sample standard deviations are $ = 5 and $2 = 6. For these data, the estimated standard error of the difference of the two means is: A. 11 B.0.4 C. 1.5 D. 61 E. none of the preceding
) You have collected 14,925 observations from the Current Population Survey. There are 6,285 females in the sample, and 8,640 males. The females report a mean of average hourly earnings of $16.50 with a standard deviation of $9.06. The males have an average of $20.09 and a standard deviation of $10.85. The overall mean average hourly earnings is $18.58. a. Using the t-statistic for testing differences between two means (section 3.4 of your textbook), decide whether or not there is...
Question 1: Households A household's utility over consumption C and leisure l is U - U(C,0) Cl 1. Plot the household's indifference curve for U-80 for values of C andlless than 20 (i.e. find the curve containing all combinations of C and ( such that U(C, 0) 80) The household has a time endowment of h=16 hours per day. The wage rate per hour is w 1.25. The household's labour income is therefore wNs, where N-h-l-16- l is the time...
Suppose a random sample of 100 observations from a binomial population gives a value of p = 0.45 and you wish to test the null hypothesis that the population parameter p is equal to 0.40 against the alternative hypothesis that p is greater than 0.40. Complete parts a through c. a. Noting that p = 0.45, what does your intuition tell you? Does the value of p appear to contradict the null hypothesis? O A. Yes, because p satisfies Hg:p>0.40...
Please give a detailed solution, thank you! 4. Two consumers (call them A and B) have utility functions over consumption in period 1 and consumption in period 2 given by U (1,C2)n(c)ln(c2) In period 1, consumer A receives income of y 2, the endowments are reversed, consumer A gets y= 120 and consumer B gets y = 80 80 and consumer B receives y? = 120. In period (so they just a. First assume consumers are not allowed to save...
Please only answer the question if you know how to and will answer all parts of it. Homework 14 i Saved 13ahomeom The homeownership rate in the U.S. was 62.4% in 2009- In order to determine if homeownership is linked with income, 2009 state- level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table 5 ownership Income 36,660 58,284 points State...
Ownership Income 70.2 37860 645 59484 65.7 43619 645 34418 54.8 54014 65.8 53810 Alaska Arizona 682 62731 73.4 49994 43.1 51021 76 43511 641 41220 57.2 53529 72.144658 663 50750 68.6 42185 Connecticut District of Columbia Hawail daho llinois Indiana 694 48601 642 42597 67.7 40544 68.5 70.745382 673 62066 628 57253 71.1 43874 70.1 53970 70.9 32958 68.9 46649 670 38317 672 47475 598 735 62011 63.7 65.7 52.1 48096 66.6 39786 Kansas Kentucky Maryland Massachusetts Minnesota Mississippi...
The homeownership rate in the US. was 61.4% in 2009, In order to determine if homeownership is linked with income, 2009 state-level data on the homeownership rate (Ownership in %) and median household income (income in $) were collected. A portion of the data is shown in the accompanying table State Alabama Alaska ownership Income 36,000 57,624 66.7 62.5 Wyoming 68.2 48,490 XC a-1. Estimate the model Ownership = β0 + β1Income + ε. (Negative values should be indicated by...
uises 7.64-7.81 ning the Mechanics NW 7.64 Suppose a random sample of 100 observations from a binomial population gives a value of p = .63 and you wish to test the null hypothesis that the population parameter p is equal to 70 against the alternative hypothesis that p is less than .70. a. Noting that Ø = .63, what does your intuition tell you? Does the value of p appear to contradict the null hypothesis? b. Use the large-sample z-test...
Answer in order please thank you. Question1 A survey was conducted from a random sample of 8225 Americans, and one Selecd variable that was recorded for each participant was their answer to the question, "How old are you?" 1o points The mean of this data was found to be 42, while the median was 37. What does this tell you about the shape of this distribution? A. O It is symmetric. B. O It is skewed left. C. There is...