In the Managerial Solution, we estimated a focus group's demand curve for iTunes downloads. The estimated coefficient on price was
negative 413−413,
and the t-statistic was
negative 12.8−12.8.
Using these values, what is the standard error of this estimated coefficient?
The standard error of the price coefficient is
32.2732.27.
(Enter your response rounded to two decimal places.)
Suppose we had another focus group sample, ran a regression on that sample, and obtained the same coefficient on price but with a standard error
fivefive
times as large. What can you say about the statistical significance of the price coefficient in this second sample?
The price coefficient
▼
would not be
would be
statistically significantly different than zero at the 0.05 confidence level
In: Advanced Math
(2.1, problems 2, 7) In the following problems, the scenarios are vaguely stated. Form
these vague scenarios, identify a problem you would like to study. Which variables
affect the behavior you have identified in the problem identification? Which variables
are the most important? Remember, there are really no right answers.
(a) A retail store intends to construct a new parking lot. How should the lot be illuminated?
(b) The United States Food and Drug Administration is interested in knowing if a new drug is effective in the control of a certain disease in the population.
In: Advanced Math
Show that if a, b are positive integers and d = hcf(a, b), then there are positive integers s, t such that d = sa − tb.
In: Advanced Math
1.
a. Show that for any y ∈ Rn, show that yyT is positive semidefinite.
b. Let X be a random vector in Rn with covariance matrix Σ = E[(X − E[X])(X − E[X])T]. Show that Σ is positive semidefinite.
2. Let X and Y be real independent random variables with PDFs given by f and g, respectively. Let h be the PDF of the random variable Z = X + Y .
a. Derive a general expression for h in terms of f and g
b. If X and Y are both independent and uniformly distributed on [0, 1] (i.e. f(x) = g(x) = 1 for x ∈ [0, 1] and 0 otherwise) what is h, the PDF of Z = X + Y ?
Please show your work. Thanks!
In: Advanced Math
Make a list of examples of Markov chains with different properties : irreducible, regular, has a limiting distribution, does not have a limiting distribution, does not have a limiting matrix, has infinitely many stationary distributions.
In: Advanced Math
Please show SPSS steps and graph
Problem Set 2: A product developer wanted to know if the preferred type of graphics differs between video-gamers and non-gamers. He had 7 gamers and 7 non-gamers evaluate both types of graphics. The data is presented below, with higher numbers indicating a higher preference. Did graphic preference type differ between gamers and non-gamers? (Note – this is a small sample size so that you can practice selecting an appropriate statistical test and write-up results.)
Gamers |
Non-Gamers |
|||
Graphics A |
Graphics B |
Graphics A |
Graphics B |
|
8 |
12 |
4 |
12 |
|
8 |
13 |
10 |
9 |
|
7 |
12 |
2 |
17 |
|
9 |
11 |
17 |
6 |
|
8 |
13 |
0 |
16 |
|
9 |
12 |
8 |
18 |
|
7 |
11 |
14 |
3 |
In: Advanced Math
Interpret what this Truth table tells you. What’s your claim regarding Elmo and Big Bird’s colors using the truth table you constructed? Does the information (T and F) from your Truth Table align with reality? How is this process and constructing a Truth Table useful?
Elmo is red |
Big Bird is green. |
Either Elmo is red or Big Bird is green. |
Big Bird is green and Elmo is red. |
It is not the case that Big Bird is green |
E |
B |
E V B |
B & E |
∼ B |
T |
T |
T |
T |
F |
T |
F |
T |
F |
T |
F |
T |
T |
F |
F |
F |
F |
F |
F |
T |
In: Advanced Math
4.(12 pts) A 20,000 liter tank is initially half full with 10,000 liters of 2% nitric acid. A solution of 5% nitric acid is pumped in at a rate of 30 liters per minute and the well mixed mixture is pumped out at the same rate of 30 liters per minute.
(a)(8 pts) Set up (But Don’t Solve) an IVP whose solution gives the amount of x(t) of pure nitric acid (in liters) in the tank at time t
(b)(4 pts) Use a quick qualitative analysis of the IVP you found in part (a) to predict how much pure nitric acid will be in the tank as t→infinity(Show a phase line or direction field to predict what happens as t→infinity
In: Advanced Math
spring-mass system has a spring constant of 3 Nm. A mass of 2 kg is attached to the spring, and the motion takes place in a viscous fluid that offers a resistance numerically equal to the magnitude of the instantaneous velocity. If the system is driven by an external force of 15cos(3t)−10sin(3t) N,determine the steady-state response in the form Rcos(ωt−δ).
R= _________
ω=__________
δ=___________
In: Advanced Math
A dorm at a college houses 1900 students. One day, 20 of the students become ill with the flu, which spreads quickly. Assume that the total number of students who have been infected after t days is given by:
N(t)=1900/1+25e-0.65t
a) After how many days is the flu spreading the fastest?
b) Approximately how many students per day are catching the flu on the day found in part (a)?
c) How many students have been infected on the day found in part (a)?
In: Advanced Math
2. (16 pts) Use binary modular exponentiation to find 45 mod 84.
(Use either table approach taught in slides or the pseudocode
algorithm.)
3. (20 pts) Use the Euclidean Algorithm to find the greatest common
divisor of the integers
In: Advanced Math
Question B: The following integral is important in a particular geometry problem
(you will learn later which geometry problem):
integral of sqrt( a^2 * cos(t) + b^2 * sin(t) ) dt from t=0 to t=2pi.
For each of the following methods, write down what happens as you try it, but don't spend very long on it.
i) Try a simple u-substitution.
ii) Try integration by parts.
iii) Try trig substitution.
iv) Any other ideas?
v) optional: what if b=a? Can you simplify it and solve it?
In: Advanced Math
Let p be an odd prime and a be any integer which is not congruent to 0 modulo p.
Prove that the congruence x 2 ≡ −a 2 (mod p) has solutions if and only if p ≡ 1 (mod 4).
Hint: Naturally, you may build your proof on the fact that the statement to be proved is valid for the case a = 1.
In: Advanced Math
. Suppose that the sequence (xn) satisfies
|xn –α| ≤ c | xn-1- α|2 for all n.
That is sufficient for the convergence of (xn) to α.
|xn –α| < 10-12 in case c = 10 and |x0 –α |= 0.09.
In: Advanced Math
Find two power series solutions of the given differential equation about the point x=0
(x^2+2) y″+3xy'-y=0
In: Advanced Math