« previous next »

Author Question: An economist is interested in studying the spending habits of consumers in a particular region. The ... (Read 77 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 24, 2018
An economist is interested in studying the spending habits of consumers in a particular region. The population standard deviation is known to be 1,000 . A random sample of 50 individuals resulted in an average expense of 15,000 . What is the width of the 99 confidence interval?

Question 2

Multicollinearity is a situation in which two or more of the independent variables are highly correlated with each other.
  Indicate whether the statement is true or false


sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 24, 2018
Answer to Question 1

Width = 729.74

Answer to Question 2

T


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Interested in social reform, Harriet Martineau (1802–1876) turned to sociology, where she ... Interested in social reform, Harriet Martineau (1802–1876) turned to sociology, where she ...
Electrophoresis gel in a densitometer. SPE densitometry showing an M spike in the gamma region with ... Electrophoresis gel in a densitometer. SPE densitometry showing an M spike in the gamma region with ...
Teen eating habits are often influenced by peers and social settings Teen eating habits are often influenced by peers and social settings
End Moraines of the Great Lakes Region End Moraines of the Great Lakes Region
Trouble finding the overlapped region Trouble finding the overlapped region
Organization of the CCR5 gene in region 3p21.3 Organization of the CCR5 gene in region 3p21.3
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library