8.2-17. Consider the distributions NĢ4x,400) and N(μ Y, 225). Let θ- obscrved mcans of two independent...
1.Consider the following production function: Y = KθL1-θ, where the labor (L) is growing at the rate n = 0.03 every year. The capital stock (K) is depreciating at a rate δ = 0.05 annually. The value of θ is 0.62).The saving rate is equal to 40%. The government imposes a proportional tax rate τ on y. Thus, the disposable income is equal to (1 - τ)y only. Let y = Y/L and k = Y/L. a) Please transform the...
Need help with stats true or false questions
Decide (with short explanations) whether the following statements are true or false a) We consider the model y-Ao +A(z) +E. Let (-0.01, 1.5) be a 95% confidence interval for A In this case, a t-test with significance level 1% rejects the null hypothesis Ho : A-0 against a two sided alternative. b) Complicated models with a lot of parameters are better for prediction then simple models with just a few parameters c)...