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Author Question: A normally distributed error term with mean of zero would: a. have values that are symmetric about ... (Read 174 times)

hbsimmons88

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on: Jun 24, 2018
A normally distributed error term with mean of zero would:
 a. have values that are symmetric about the variance.
  b. allow more accurate modelling.
  c. yield biased regression estimates.
  d. be a hyperbolic curve.

Question 2

Define expected payoff of a decision alternative.


Koolkid240

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

The expected payoff of a decision alternative is the sum of the products of the payoffs and the state of nature probabilities.


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