MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- Utility is a type of function that occurs in economics. When a consumer receives x units of a certain product, a certain amount of pleasure, or utility U, is derived. The graph represents a typical utility function.arrow_forwardAs part of a study at a large university, data were collected on n = 224 freshmen computer science (CS) majors in a particular year. The researchers were interested in modeling y, a student's grade point average (GPA) after three semesters, as a function of the following independent variables (recorded at the time the students enrolled in the university): X 1= average high school grade in mathematics (HSM) X 2 = average high school grade in science (HSS) X 3 = average high school grade in English (HSE) X 4 = SAT mathematics score (SATM) x 5 = SAT verbal score (SATV) A first-order model was fit to the data with the following results: SOURCE DF MS F VALUE PROB>F MODEL 28.64 5.73 11.69 0001 ERROR 218 106 82 0.49 TOTAL 223 135.46 ROOT MSE DEP MEAN 0.700 R-SQUARE 0.211 4.635 ADJ R-SQ 0.193 PARAMETER STANDARD T FOR O VARIABLE ESTIMATE ERROR PARAMETER -0 PROB> ITI INTERCEPT 2.327 0.039 5.817 0.0001 0.0003 XI HSM) X2 (HSS) X3 (HSE) X4 (SATM) X5 (SATV) 0.146 0.037 3.718 a.036 0.038 0.950 0.3432…arrow_forwarddrivers of that Age - ]]], [16 – 17,1,55], [18 - 19,2,30], [20 - 24, 3, A traffic safety organization has compiled data in an urban region of Canada on the rate of non-fatal vehicle injury accidents, y, as a function of the age of the driver, x. The data is shown below. It is assumed that an injury accident affects either the driver or passengers or others external to the vehicle and does not result in death. Age Range of x, Designated Age Driver Category of Driver y, Number of Injury Accidents per 10 million km driven by drivers of that Age 16-17 1 55 18-19 2 30 20-24 3 24 25-29 4 22 30-39 5 14 40-49 6 13 50-59 7 12 60-69 8 10 70-79 9 14 10arrow_forward
- A researcher is interested in finding out how the past average daily values of the stock prices of a firm A determine the current average daily value of its stock price. Let pt ( measured in dollars) denote the average daily value of the stock price of firm A at time t. The researcher collects data on the average daily values of the stock prices of the last quarter of 2017, i.e., t = 1,2, dots,90 and estimates the following autoregressive model with 1 lag of pt: hat(p)t = 2.48 +.05pt.1bar (R)² = 0.512, SER = 13.14. (1.13) (0.64) The standard errors are given in parentheses. Suppose that the actual average daily value of the stock price on January 2, 2018 was $506.12 and the average daily value of the stock price on December 31, 2017 was $445.12. The forecast error in the estimation of the average daily value of the stock price on January 2, 2018 will be $ (Round your answer to two decimal places.) This is all the info in the questionarrow_forwardThe Lorenz curve of income distribution in a small mountain nation is f(x)=0.5x¹ +0.3x³ +0.2x The Gini coefficient (index) of inequality for this nation is . . . O...y=0.562 O...y=0.513 O...y=0.37 O...y=0.45arrow_forward
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