TRUE or FALSE and Explain why:
The assumption of normality of the error term is essential for
the Gauss-Markov theorem (i.e. to show that the OLS estimator is
BLUE (Best Linear Unbiased Estimator)).
True or False:
-Presence of correlation in error terms is known as
Autocorrelation.
-Normality Q-Q Plot is used to determine the normal distribution
of errors.
-Normality Q-Q Plot uses standardized values of residuals.
-The problem with r-squared is that it keeps on increasing as
you increase the number of variables, regardless of the fact that
the new variable is actually adding new information to the
model.
-F Statistics value can range between zero and any arbitrary
large number. Naturally, lower...
Conflict is inevitable.
True
False
Positional bargaining strategies is a negotiation strategy that
attempts to satisfy as many interests or needs of the disputing
parties as possible.
True
False
Conflicts is a growing concern among staff and administrators
because of its negative impact on all involved.
True
False
One party will not be favored over the other is
_______________________.
acceptability
conflict
neutrality
None of the above
Paying attention to all aspects and levels of communication the
verbal and non-verbal elements...
True or False:
13. A classical probability measure is a probability assessment
that is based on relative frequency.
14. The probability of an event is the product of the probabilities
of the sample space outcomes that correspond to the event.
15. If events A and B are independent, then P(A|B) is always
equal to P(A).
16. Events that have no sample space outcomes in common and,
therefore cannot occur simultaneously are referred to as mutually
independent events.
17. The binomial...
True or False. Explain clearly WHY it is true or false
1. In the Neo-Classical model, when both countries are less
willing to trade, this will always lead to the same equilibrium
level for the terms of trade.
2. Differences in relative factor endowments among countries
cannot explain Intra-Industry Trade.
3. Economic growth always leads to increased trade flows.
Extrapolation with linear models beyond the given data is highly
accurate. TRUE or FALSE?
a. True
b. False
Linear regression models may not always acccurately reflect the
pattern of data from which they are made
a. True
b. False
The "Portion of Variability" is also known as the
a. Correlation coefficient
b. Regression line
c. Fitted Value
d. Coefficient of determination
Investigating the difference between the predicted value of y
and the actual value y
a. Least Squares Regression
b....
Question 7
Chi Square tests have an assumption of normality
True
False
Question 8
Both ANOVA and Chi square tests are always right tail tests
True
False
Question 9
For a Chi Square test of Association, you ask if mouse hair
color (black, grey or white) is associated with whisker length
(short, medium or long). The df for this analysis would be: Give
answer as X
Question 10
For ANOVA, you only complete a Tukey's means comparisons test if
the...
Non-negativity is always present in a linear programming
problem.
A) True
B) False
In all linear programming problems, the maximization or
minimization of some quantity is the objective.
A) True
B) False
All linear programming problems have at least one feasible
solution.
A) True
B) False
The point (0,0) is always part of the feasible region.
A) True
B) False
The optimal solution for a linear programming problem occurs
when the objective function intersects with at least one of the...
1. True or false- In the Keynesian model, the predictions will
remain the same and it does not depend on what the initial economy
was like. In the AD/AS model, what the initial economy was like
does matter because predictions are different for those that are
near full employment than for those that are below full
employment.
A)True
B) False
2. In the Ad/as model, what does it say about adjustment?
a) economy adjusts when it is in the long...