Parameter estimates:

intercept: 14179.871 3298.484 4.30 0.0003* (estimate Std Error tRatio Prob>t )

InCostAid: 0.7768753 0.254022 3.06 0,0058*   (estimate Std Error tRatio Prob>t )

Baruch College has substantially less average debt compared to the other schools with similar in-state costs. Figure 10.13 contains JMP output for the simple linear regression of AveDebt on InCostAid with this case removed.

a) State the least-squares regression line.

b) The University of North Florida is one school in this sample. It has an in-state cost of $11,421 and average debt of $17,617. What is the residual?

c) Construct a 95% confidence interval for the slope. What does this interval tell you about the change in average debt for a $1000 change in the in-state cost?

ans:

a)    y = 0.7768753InCostAid+14179.871

b)   0.7768*11421+14179.871 = 23052.5628

residual = 23052.5628 – 17617 = 5435.562801

c) 0.7768753+- t*0.254022 = 0.7768753+- 2.073873*0.254022 =

  (0.2500659328, 1.303684667)

Baruch College was removed from this analysis because it was deemed an outlier. Let’s investigate its impact on the fit.

A) Refit the model using the entire sample of 25 schools. Create a table that summarizes the model estimates with and without this case.

B) Describe the impact this observation has on the fit of the linear regression model.

C) If you were writing a report for publication, would you include the fit with or without this case? Explain your answer.

Need answer for A, B, C

INSTRUCTIONS: THERE ARE TWO SECTIONS IN THIS PAPER; SECTIONS A AND B
ANSWER ALL QUESTIONS IN SECTION A AND ONLY ONE IN SECTION B

SECTION A
QUESTION ONE.
In a given economy, the following hold true.
1.There are only two sectors-household and business sectors operating in the economy.
2. The percentage of every extra income which goes into consumption is 80%.
Given that an initial amount of 1000 currency units is introduced as investment in the economy. Draw up a table which tracks successive expenditure, income consumption and savings in the economy, up to the sixth round assuming the initial injection kicks in a multiplier process.
Using your table, calculate the total amount of income and consumption and deduce the value of the national income multiplier.
QUESTION TWO
Explain the difference between the criteria used to measure absolute and comparative cost advantages in international trade.
Assuming there are only two countries in the world, Oceania and Atlantis each having one resource unit which they use to produce either Cereals or Machine tools and the table below depicts the production possibilities of each country.

Maize (tons)
Machine Tools (Units)

Oceania
6
2

Atlantis
2
1

Determine which country has i. absolute cost advantage ii. Comparative cost advantage.
                                                                                                                                        

Use the distribution below to test that Plain M&Ms follow the stated distribution. Discuss your choice of ?. Would a different ? have changed your conclusion?

M&M states the following distribution for Plain M&Ms:
Red = 13%, Orange = 20%, Yellow = 13%, Green = 20%, Blue = 20%, Brown = 14%

Total number of plain M&M's: 665 Total number of red plain M&M's: 76 Total number of plain brown M&M's: 66 Total number of blue plain M&M's: 179 Total number of orange plain M&M's: 140 Total number of green plain M&M's: 119  Total number of yellow plain M&M's: 85

Total number of peanut M&M's: 356 Total number of red peanut M&M's: 22 Total number of peanut brown M&M's: 34 Total number of blue peanut M&M's: 55 Total number of orange peanut M&M's: 62 Total number of green peanut M&M's: 72  Total number of yellow peanut M&M's: 111

Use the distribution below to test that Peanut M&Ms follow the stated distribution. Discuss your choice of ?. Would a different ? have changed your conclusion?

M&M states the following distribution for Peanut M&Ms: Red = 12%, Orange = 23%, Yellow = 15%, Green = 15%, Blue = 23%, Brown = 12%

Total number of plain M&M's: 665 Total number of red plain M&M's: 76 Total number of plain brown M&M's: 66 Total number of blue plain M&M's: 179 Total number of orange plain M&M's: 140 Total number of green plain M&M's: 119 Total number of yellow plain M&M's: 85

Total number of peanut M&M's: 356 Total number of red peanut M&M's: 22 Total number of peanut brown M&M's: 34 Total number of blue peanut M&M's: 55 Total number of orange peanut M&M's: 62 Total number of green peanut M&M's: 72 Total number of yellow peanut M&M's: 111

An urn contains 6 red balls and 4 green balls. A sample of 7 balls is selected at random.

a. How many different samples are possible?

b. How many samples contain 5 red and 2 green balls?

c. How many sample contain all red balls?

d. How many samples contain at least 4 red balls?

e. What is the probability in a draw of 7 balls there is 3 red and 4 green?

You may believe that each day, married and unmarried women spend the same amount of time per week using Facebook. We would like to test this hypothesis. A random sample of 45 married women who use Facebook spent an average of 3.0 hours per week on this social media website. A random sample of 39 unmarried women who regularly use Facebook spent an average of 3.4 hours per week. Assume that the weekly Facebook time for married women has a population standard deviation of 1.2 hours, and the population standard deviation for unmarried Facebook users is 1.1 hours per week. Using the 0.05 significance level, do married and unmarried women differ in the amount of time per week spent on Facebook? State the decision rule for 0.05 significance level: H0: μ married = μ unmarried H1: μ married ≠ μ unmarried. (Negative values should be indicated by a minus sign. Round your answers to 3 decimal places.) Compute the test statistic. (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) What is the p-value? (Round your answer to 4 decimal places.) State your decision about the null hypothesis. Fail to reject H0 Reject H0

An article in the new york times about former secretary of state Hillary Clintons campaign for president notes that she proposed to "increase taxes on the wealthiest Americans to combat a widening gap between rich and poor people". currently does the effect of federal taxes make the distribution of income more or less equal? Briefly explain. what are the benefits and drawbacks of using the federal income tax code to reduce income inequality?

A, B and C are equal partners in the ABC partnership which has the following balance sheet:

             Assets                               Partners’ Capital

                          A.B.        F.M.V.                 A.B.        F.M.V.

Cash                  $6,000     $6,000       A        $12,000    $18,000

A/R                            0       9,000       B          12,000     18,000

Inventory             18,000     18,000       C          12,000     18,000

Land & Building     6,000     12,000

Equipment            6,000      9,000

                        $36,000   $54,000                  $36,000    $54,000

The partnership distributes the $9,000 worth of accounts receivable to A and $18,000 worth of inventory equally ($9,000 each) to B and C.

(a) Is Internal Revenue Code Section 751(b) applicable to this operating distribution?

(b) What does this tell you about Internal Revenue Code Section 751(b)?

(c) Should Internal Revenue Code Section 751(b) be repealed?

Weekly Assignment images and copyright.

you can search the web for...

1. Copyright and the internet
2. Image file types for web pages

(To see how to insert images into your html see the panapto recording "inserting images" or search the internet for inserting html images.) Please note you do not have to insert images in this assignment

In a properly constructed HTML document answer these questions.

In your document head section your title should have your first and last name and "Lecture Assignment 2"

When finished name your html document assignment2Yourlastname.html and submit.

Add a Header section to you the start of your document. In this add the largest heading element with the text

Images and Copyright

Questions 1 and 2 should be inside an article tag with a heading element that says

Image Types

Questions 3,4,5,6 and 7 should be inside an article tag with a heading element that says

Copyright

Questions 8,9 and 10 should be inside an article tag with a heading element that says

Image optimization

Questions start here.....

1. What 3 main types of images are used in HTML web Pages?
2. When would you use each type of the 3 images?
3. What is copyright? Place in a paragraph element
4. What is Fair Use in terms of copyright? Place in a paragraph element
5. List 2 types of copyright licenses and what they are used for.
6. How can you be sure you have permission to use an image.
7. (in link tags) List 3 websites where you can find images to use.
8. What is image compression/optimization? Place inside a paragraph element
9. Why do we need to compress/optimize our images? Place inside a paragraph element
10. List 3 tools/software that can be used to compress images (they can be online or installed software)

Add a footer element to the document that contains the copyright symbol The Year and your name

Monetary Policy: What works?

Monetary policy by the US Federal Reserve is important for the US economy. However, economists disagree about several aspects of Federal Reserve decision-making powers including the composition of the Federal Reserve committees, Federal Reserve goals, and the actual impact Federal Reserve of policy on the economy.

• Should the Federal Reserve Board focus exclusively on the problem of inflation?
• What other goals are appropriate for Federal Reserve policy?
• What is the appropriate goal for the inflation rate?
• How should the Federal Reserve Board use its policy to achieve its goals?
• How effective is Federal Reserve monetary policy in achieving its goals?
• Is the composition of the decision-making bodies of the Federal Reserve appropriate for a democracy?

Please describe in detail