The median starting salary for new law school graduates is determined by log(salary) = Bo + B,LSAT + B;GPA + B,log(libvol) + Bilog(cost) + Bsrank + u, where LSAT is the median LSAT score for the graduating class, GPA is the median college GPA for the class, libvol is the number of volumes in the law school library, cost is the annual cost of attending law school, and rank is a law school ranking (with rank = 1 being the best). (1) Explain why we expect Bs < 0. (2) What signs do you expect for the other slope parameters? Justify your answers. (3) Using the data in LAWSCH85, the estimated equation is FAT 349 C DA (lik

If the base radius of a cylinder increases over time, while its volume remains constant, will the cylinder's height increase, decrease or remain constant over time? Increase. Remain constant. Decrease.

Billy Joe Mccallister jumped off the Tallachatchie Bridge, 70 ft above the water with a bungee cord tied to his legs. If he was 6 ft above the water 2 sec after jumping then what was the average rate of change of his altitude as the time varied from 0 to 2 sec?

Explain the difference between mu and x-bar.