Agree or disagree with each of the following statements and provide a short explanation. Arnold wanted...

Agree or disagree with each of the following statements and provide a short explanation.

Arnold wanted to compare the effects of cardio exercise and weightlifting on weight loss. He ran the following two regressions on the same sample,

weightloss on 1; cardio

weightloss on 1; lifting

He found that the coefficient from the first regression was larger than the coefficient from the second regression and therefore concluded that all else equal, an additional hour of cardio leads to more weight loss than an additional hour of lifting.

Solutions

Expert Solution

Agree or disagree with each of the following statements and provide a short explanation.

Arnold wanted to compare the effects of cardio exercise and weightlifting on weight loss. He ran the following two regressions on the same sample,

weightloss on 1; cardio

weightloss on 1; lifting

Disagree with the statement. The variables cardio exercise and weightlifting are of different units. So it is inappropriate to compare the regression coefficients of the two variables.

One solution to this is to run a multiple regression analysis on the two variables. Now compare the standardized regression coefficients to see which variable lead to more weightloss.

milcah answered 8 months ago

Next > < Previous

Related Solutions

Do you AGREE or DISAGREE with each statement below? Provide ONE brief explanation, citing relevant information...

Do you AGREE or DISAGREE with each statement below? Provide ONE brief explanation, citing relevant information provided above. Treat each statement independently. No computations necessary. Insert Excel rows as needed. a. Switching to variable costing to report operating income in order to raise external capital b. Using full absorption costing in order to evaluate performance of individual product line managers c. Comparing contribution margin by product line in order to decide with product lines to expand d. Using gross margin...

For each of the following independent statements, state whether you agree or disagree with the statement...

For each of the following independent statements, state whether you agree or disagree with the statement and fully explain your answer. Required a. The level of audit risk is low when inherent risk is low. b. When the auditor assesses control risk and inherent risk as high, the acceptable detection risk is low. c. When an audit firm issues the correct opinion on the financial statements under audit, it still has engagement risk. d. If...

2. Explain why you agree or disagree with each of the following statements: a. "A nation's...

2. Explain why you agree or disagree with each of the following statements: a. "A nation's currency will depreciate if its inflation rate is less that that of its trading partners." b. " A nations whose interest rate falls more rapidly than that of other nations can expect the exchange value of its currency to depreciate." c. "A nation whose economy grows more slowly than its major trading partners can expect the exchange value of its currency to appreciate." d....

For each of the following independent statements, state whether you agree or disagree with the statement...

For each of the following independent statements, state whether you agree or disagree with the statement and fully explainyour answer. Required a. Each of the following changes (considered individually, and holding other things constant) can be expected to decrease the level of detection risk associated with the auditor's substantive tests: decreasing materiality reducing the level of audit risk b. Auditing standards require that if an auditor plans to assess control risk as high, internal controls must be of higher quality and the...

Do you agree or disagree with each of the following statements? Briefly explain you answer and...

Do you agree or disagree with each of the following statements? Briefly explain you answer and illustrate each supply and demand curve. The price of a good rises, causing the demand for another good to fall. Therefore, the two goods are substitutes. A shift in supply causes the price of a good to fall. The shift must have been an increase in supply. During 2009, income fell sharply for many Americans. This change would likely lead to a decrease in...

Indicate whether you agree or disagree with the following statements and explain your reasoning. (each 2.5...

Indicate whether you agree or disagree with the following statements and explain your reasoning. (each 2.5 marks, total: 10 marks) a) An auditor is responsible for the preparation and fair presentation of the financial statements in accordance with International Financial Reporting Standards, and for such internal control as is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. (2.5 marks) b) An assurance engagement involves evaluation or measurement of...

What is a good response/explanation to the following: Would you be agree/disagree to this research? How...

What is a good response/explanation to the following: Would you be agree/disagree to this research? How does the research conducted by Brene Brown differ from quantitative research? Brene Brown's research was conducted to retrieve in-depth information from participants while quantitative research lacks the in-depth factor. She also used the information gathered and made interpretations and found commonalities and differences than quantitative research could consider extraneous variables or lacking numerical value. Brene Browns used all the collected interviews to explore common...

Determine whether each of the following statements is TRUE or FALSE and write a short explanation...

Determine whether each of the following statements is TRUE or FALSE and write a short explanation for your answer It is a good practice to have loss leaders at the very front of the store so that more customers can see them quickly and get attracted to them. One of the objectives of a promotion strategy is to impede the success of new market entrants in gaining a significant market share. One advantage of intensive distribution is that the firm...

Determine whether each of the following statements is TRUE or FALSE, and write a short explanation...

Determine whether each of the following statements is TRUE or FALSE, and write a short explanation for your answer (answer should be 1-3 sentences) 1) If individuals bid more than their value in a BDM, they can risk losing money by forgoing a purchase that could have made them better off (given them more value than cost). 2) Limited input availability, low inventories, and extended time period are all factors that act to decrease price elasticity of supply (i.e., result...

In the following table provide a short explanation of how each form of medication is handled,...

In the following table provide a short explanation of how each form of medication is handled, administered and stored. Form of medication How it is handled How it is administered How it is stored Capsule Drops Inhalant Liquid Lotions and creams Ointments Patches Powders Tablets Wafers Pessary Suppository Jemima was very busy today. When she did the medications round she tried her best to do everything in line with policy and procedures but she was seriously short of time. She...

Subjects