This topic contains a solution. Click here to go to the answer

Author Question: Suppose you were to run a regression of leisure travel expenditures by households on household ... (Read 73 times)

washai

  • Hero Member
  • *****
  • Posts: 523
Suppose you were to run a regression of leisure travel expenditures by households on household income. We would expect that households with low incomes do not travel much.
 
  High-income households may or may not travel much, depending on the household's preferences for travel. The results from this regression will be subject to: A) multicollinearity.
  B) specification bias.
  C) autocorrelation.
  D) heteroscedasticity.

Question 2

Given the results for possible magnitudes of the finite population correction factor,
 
  for samples of n =15 observations from populations of N = 15, 30, 60, 100, 500, 1,000, 5,000, and 10,000 members, discuss the practical significance of using the finite population correction factor for samples of 20 observations from populations of different sizes.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

D

Answer to Question 2

The correction factor tends toward a value of 1 and becomes progressively less important as a modifying factor when the sample size decreases relative to the population size.




washai

  • Member
  • Posts: 523
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

For a complete list of videos, visit our video library