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In: Statistics and Probability

Using a real-world data set that interests you, conduct one of the tests you learned this...

Using a real-world data set that interests you, conduct one of the tests you learned this week (or fit a linear regression model). Make sure to document all steps in the hypothesis testing process, including stating your hypotheses, your code, your output and your findings along with interpretation. You may use data from the MASS library if you wish, or load external data

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Using a real-world data set that interests you, conduct one of the tests you learned this week (or fit a linear regression model). Make sure to document all steps in the hypothesis testing process, including stating your hypotheses, your code, your output and your findings along with interpretation. You may use data from the MASS library if you wish, or load external data Please type all answer.
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We have been using the same set of data (Data Set One) in the notes to illustrate production and costs. I have provided Data Set One in both tables below. When costs were calculated in the notes, fixed costs were $200. By using the term fixed costs economists are only referring to the fact that a firm must pay this expense no matter how much output it produces or sells. An example of a fixed cost could be the rent...
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