3) The following two sets of Excel output use are from the same data set as described above, but the first set of output is for the set of 35 CEO’s that earn the lowest total compensation and the second set of output is for a set of 40 CEO’s that earn the highest total compensation. a) What is heteroscedasticity? b) Why is heteroscedasticity a problem? c) Based on a comparison of the two sets of output, does it appear that there is heteroscedasticity in the data set? Explain.

3. Travelers who have no intention of showing up often fail to cancel their hotel reservations in a timely manner. These travelers are known, in the parlance of the hospitality trade, as "no-shows". To protect against no-shows and late cancellations, hotels invariably overbook rooms. A recent study examined the problems of over-booking rooms in the hotel industry. The following data, extracted from the study represent the daily numbers of late cancellations and no-shows for a random sample of 10 days at a hotel: 18, 16, 16, 16, 14, 18, 16, 18, 14, 19. c) Count the number of measurements that actually fall within the interval(-28, +2s) and express the interval count as a percentage of total number of measurements. at least 75% 100% 68% 95%

The personality characteristics of business leaders (e.g., CEOS) are related to the operations of the businesses that they lead (Oreg & Berson, 2018). Traits like openness to experience are related to positive financial outcomes and other traits are related to negative financial outcomes for their businesses. Suppose that a board of directors is interested in evaluating the personality of their leadership. Among a sample of n = 16 managers, the sample mean of the openness to experiences dimension of personality was M = 4.50. Assuming that u = 4.24 and o = 1.05 (Cobb-Clark & Schurer, 2012), use a two-tailed hypothesis test with a = .05 to test the hypothesis that this company's business leaders' openness to experience is different from the population. Standard Normal Distribution Mean - 0.0 Standard Deviation 1.0 .7198 .1401 .1401 -3.0 -2.0 -1.0 0.0 1.0 2.0 3.0 -1.08 1.08 Step 1. Ho: ; H;: a = .05. Step 2. The critical region consists of Step 3. For these data the standard error is and…

The more costly and​ time-consuming it is to export and​ import, the more difficult it is for local companies to be competitive and to reach international markets. As part of an initial investigation exploring foreign market​ entry, 9 countries were selected from each of four global regions. The cost associated with importing a standardized cargo of goods by sea transport in these countries​ (in US$ per​ container) is stored in the accompanying data table. Complete parts​ (a) through​ (d). East Asia & Pacific    Eastern Europe & Central Asia    Latin America & Caribbean    Middle East & North Africa240    77    1200    466777    335    688    397266    396    970    554383    83    290    644580    150    545    181220    306    420    646389    1125    450    695233    655    583    754392    100    1500    779 c. At the 0.05 level of​ significance, is there evidence of a difference in the variation in cost of importing among the four global​ regions? Determine…