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Card 9 / 11:
A researcher is investigating whether non-white minorities commit a disproportionate number of homicides. He uses demographic data from Detroit, MI to compare homicide rates and the number of the population that are white males.
Use your calculator to construct a scatter plot of the data. What should the independent variable be? Why?Use your calculator’s regression function to find the equation of the least-squares regression line. Add this to your scatter plot.Discuss what the following mean in context. The slope of the regression equation The y-intercept of the regression equation The correlation r The coefficient of determination r2.Do the data provide convincing evidence that there is a linear relationship between the number of white males in the population and the homicide rate? Carry out an appropriate test at a significance level of 0.05 to help answer this question.
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Questions & Answers
Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
can you send the book attached ?
Ariel
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2
find mu of x for y
U(x,y) = (xÃy)1/2
find mu of x for y
Desalegn
this is the study of how the society manages it's scarce resources
Belonwu
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
difference between firm and industry
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from
Qd 120 3P
to
Qd 90 3P
and the supply function has shifted from
QS
20 2P
to
QS
10 2P .
a) Find the effect of this change on price and quantity.
b) Which of the changes in demand and supply is higher?
explain standard reason why economic is a science
factors influencing supply
scares
means__________________ends
resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Why qualify 28 supplies
Milan
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
identify a demand and a supply curve
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:
OpenStax, Introduction to statistics i - stat 213 - university of calgary - ver2015revb. OpenStax CNX. Oct 21, 2015 Download for free at http://legacy.cnx.org/content/col11874/1.3
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