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Author Question: A regression specification must include A) the functional relationship between dependent and ... (Read 117 times)

schs14

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on: Jul 1, 2018
A regression specification must include
 
  A) the functional relationship between dependent and explanatory variables.
  B) the estimated coefficients.
  C) the estimated t-statistic.
  D) All of the above.

Question 2

A good salesperson can sell 100,000 worth of goods, while a poor one can sell only 10,000 worth of goods. Job applicants know if they are good or bad, but the firm does not.
 
  A firm will offer job applicants a choice between a fixed salary of 2,000 or a commission on the sale. Assume risk-neutral salespersons and no opportunistic behavior. Given that the firm wants to distinguish a prospective good salesperson from a poor one, what should be the commission on sales? A) Commission should be larger than 50.
  B) Commission should be larger than 40.
  C) Commission should be between 2 and 20.
  D) Commission should be smaller than 2.


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josephsuarez

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


schs14

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Reply 2 on: Jul 1, 2018
Wow, this really help

essyface1

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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