ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- The expected value and variance of the random variable X are as follows: E(x) = 716.04 var(x) = 48656.08 The random variable x is now transformed to y according to the following linear equation. y = a + bx a = 523.215 b = 11.275 16 In the previous question, the variance of the transformed random variable is: a 6185434.58b 6311667.94c 6440477.49d 6571915.81arrow_forwardIn a hypothetical country called Tritonland, demand and supply of fish are determined by the following system of equations: Q Q = 3+P+v, where Q and P stand for quantity and price respectively, and that u and v are independent Uniform [0, 2]. Suppose we have i.i.d. observations (Qi, Pi)_1 from n markets in equilibrium. Answer the next few questions. = 15 P+u,arrow_forwardWhen Y is regressed on X, B, > 0, sx+ 0, sy # 0, and the fraction of the variation in Y explained by the least-squares regression of Y on X does not equal 1. In this example, the sum of the squares of the deviations of the actual Y-values from their mean would definitely be greater than the sum of the squares of the deviations of the predicted Y-values from their mean. 1 A) B) true false 4. When Y is regressed on X, the sample slope is negative, sx + 0, sy + 0, and Y; = Y; for every observation. In this example, the sum of the squares of the deviations of the predicted Y-values from their mean would definitely be less than the sum of the squares of the deviations of the actual Y-values from their mean. A) В) true false 3.arrow_forward
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- The following table was generated from the sample data of 10 newborn babies regarding the weight of the mother at birth, the weight of the father at birth, and the weight of the baby at birth. The dependent variable is the weight of the baby, the first independent variable (x) is the mother's weight, and the second independent variable (x2) is the father's weight. Intercept Coefficients Standard Error 20.430131 Mother's Weight - 1.048035 Father's Weight t-Stat p-value 2.323627 0.200737 8.792346 0.000316 -5.220929 0.003407 -0.934498 0.220528 -4.237555 0.008189 Step 1 of 2: Write the multiple regression equation for the computer output given. Round your answers to three decimal places. Answer How to enter your answer (opens in new window) ŷ = + x1 + x2 Copy Data Tables Keypad Keyboard Shortcutsarrow_forwardA 30-team league had HACT = 0.2!6 and a theoretical maximum of HMAX= 0.36 . Calculate the normalised variance and briefly comment on whether the league is more competitive or uncompetitive.arrow_forward
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