ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Show that the sample variance of a random variable X is a consistent estimator of the population variance.arrow_forwardIn which of the following cases OLS estimation of Healthcare=a+bAge+u will be biased? a) Only include in your estimation sample individuals whose health care spending is more than 500 per year. b) Use a random sample. c) Healthcare is recorded with some random typing errors. d) The error variance is larger at an older age.arrow_forwardThe table below shows data on a subsample of participants in the 7th examination of the Framingham Offspring Study. Characteristic n Sample Population Standard Мean Deviation Systolic Blood 10 121.2 11.1 Pressure Diastolic Blood 10 71.3 7.2 Pressure Total Serum 10 202.3 37.7 Cholesterol Weight 10 176.0 33.0 Height 10 67.175 4.205 Body Mass 10 27.26 3.10 Index Which of the following is the 95% confidence level for Systolic Blood Pressure 114.32, 128.08 120.98, 121.42 121.16, 121.24 112.16, 130.24arrow_forward
- In testing the population mean,a left-tailed test has a test statistic of z = -2.72.Which is the correct critical value, if we use α=0.005: 2.576 -2.576 1.645 -1.645arrow_forwardA survey on family-friendly housing inventory in Bowling Green is underway to estimate with a 95% confidence interval mean number of 3 bedroom homes for sale. Halfway through their survey, the city reduces the funding available and, consequently, the sample size (total number of houses) must be reduced. In doing so, the margin of error in their analysis will: A. increase, B. stay the same, C. become negative, D. decreasearrow_forwardClaim: The mean systolic blood pressure of all healthy adults is less than than 123 mm Hg. Sample data: For 275 healthy adults, the mean systolic blood pressure level is 122.96 mm Hg and the standard deviation is 15.62 mm Hg. The null and alternative hypotheses are Ho: μ = 123 and H₁: μ< 123. Find the value of the test statistic. The value of the test statistic is (Round to two decimal places as needed.)arrow_forward
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