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Why can we not use first differences when we have independent cross sections in two years (as opposed to panel data)?
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- This question was rejected because the screenshot was not clear. I took two screenshots of the same homework question. Please let me know if it is still unclear.Manufacturers of tires report that car tires should be able to last an average of 50,000 miles. A new tire company produces a different type of tread and tests 100 randomly selected tires. This sample of 100 tires lasted an average of 51,500 miles. Assuming the new type of tread does not improve the mileage of the tire, 200 sample means were simulated and displayed on the dotplot. Simulated Tire Mileage +++ +++H 47,000 48,000 49,000 50,000 51,000 52,000 53,000 Mean mileage Using the dotplot and the sample mean mileage, is there convincing evidence that the new type of tread improves the mileage of the tire? Yes, because a mean mileage of 51,500 or more occurred only 14 out of 200 times, the mean mileage is statistically significant. There is convincing evidence the new type of tire tread improves mileage of the tire. Yes, because a mean mileage of 51,500 or less occurred 186 out of 200 times, the mean mileage is statistically significant. There is convincing evidence the new type of…Product Quality Value for Money Ease of use 0.8 0.6 0.7 21 0.2 0.5 0.8 3. 0.6 0.3 0.5 4 (Proposed) 0.4 0.7 0.1 Importance weight I 1.6 A company conducted a survey of shoppers to understand customer buying habits and determine the share of shoppers that a new product might attract. The customer rated three existing products and one proposed new product on three dimensions: 1.Quality, 2. Durability, and 3. Ease of use. The results of this survey are shown in the following table. The expected market share for the new proposed product (product number 4) is: (2.0) A. 46.3 В. 25.2 C. 15.1 D. 11.6 20.0 E.
- A quality engineer in charge of a coffee filter pack production line was concerned about the weight (in grams) of the filter packs being produced. The quality team sampled three packs every hour, throughout the production day. The table below shows the results: Sample number 1 2 3 4 5 6 7 20.6 20.1 20.6 21.5 21.4 21.1 21.4 Weight (g) 21.1 20.0 21.2 22.2 21.1 22.3 20.9 20.7 20.3 21.3 21.4 19.9 19.9 21.1A rectangle is a four-sided figure that has two sets of parallel sides, so that we have two sides of one length and two sides of another length; a square is just a special case of a rectangle in which all four sides are the same length. Therefore, the procedure for calculating area is the same no matter whether we are dealing with a rectangle or a square. The area of a rectangle is calculated as follows: Area = base x height = b × h In this formula, the base is the width of the rectangle and the height is simply how tall the rectangle Is. For example, if we have a rectangle that is 20 centimeters wide and 10 centimeters tall, its area can be calculated as follows: Area = 20 cm x 10 cm = 200 cm² Note the superscript '2' In our answer; this is because we have multiplied centimeters by centimeters. In economics, we are more likely to be dealing with quantities bought or sold and prices, so don't worry about it too much for our discussion. The area of a triangle A triangle is really just a…A rectangle is a four-sided figure that has two sets of parallel sides, so that we have two sides of one length and two sides of another length; a square is just a special case of a rectangle in which all four sides are the same length. Therefore, the procedure for calculating area is the same no matter whether we are dealing with a rectangle or a square. The area of a rectangle is calculated as follows: Area = base x height = b × h In this formula, the base is the width of the rectangle and the height is simply how tall the rectangle Is. For example, if we have a rectangle that is 20 centimeters wide and 10 centimeters tall, its area can be calculated as follows: Area = 20 cm x 10 cm = 200 cm² Note the superscript '2' In our answer; this is because we have multiplied centimeters by centimeters. In economics, we are more likely to be dealing with quantities bought or sold and prices, so don't worry about it too much for our discussion. The area of a triangle A triangle is really just a…
- A rectangle is a four-sided figure that has two sets of parallel sides, so that we have two sides of one length and two sides of another length; a square is just a special case of a rectangle in which all four sides are the same length. Therefore, the procedure for calculating area is the same no matter whether we are dealing with a rectangle or a square. The area of a rectangle is calculated as follows: Area = base x height = b × h In this formula, the base is the width of the rectangle and the height is simply how tall the rectangle Is. For example, if we have a rectangle that is 20 centimeters wide and 10 centimeters tall, its area can be calculated as follows: Area = 20 cm x 10 cm = 200 cm² Note the superscript '2' In our answer; this is because we have multiplied centimeters by centimeters. In economics, we are more likely to be dealing with quantities bought or sold and prices, so don't worry about it too much for our discussion. The area of a triangle A triangle is really just a…A basket contains 1460 fruits. Using stratified sampling method, a sample of 150 fruits from each type, apples, bananas, grapes, plums and oranges was selected. If the basket contained 584 plums, how many plums would be apart of the sample of 150.In a study aimed at creating reference values, abdominal circumference (measured in cm) was measured in adult men. It was found that the relationship to age could be described as abdominal circumference = 82 + 0.3 x age a) What is the analysis that produces such a formula called? b) At what age is the average abdominal circumference 100 cm?
- The management of a certain company would like to use the following data to learn about its customer base and to evaluate the first day promotional campaign purchases. Customers who made purchases with discount coupons were labelled as “Promotional Customers”, and “Regular Customers” was used for those who did not use coupons. Customer Type of Customer Items Net Sales (GH¢) Method of Payment Gender Marital Status Age 1 Regular 1 100 Vodacash Male Married 32 2 Promotional 1 105 MTN mobile money Female Single 36 3 Regular 1 230 Airtel money Female Married 32 4 Promotional 5 300 MTN mobile money Male Married 28 5 Regular 2 150 Vodacash Female Single 34 6 Regular 20 450 Vodacash Female Married 44 7 Promotional 2 78 MTN mobile money Male Married 30 8 Promotional 3 120 MTN mobile money Female Single 22 9 Promotional 6 345…18. Car and Taxi Ages When the author visited Dublin, Ireland (home of Guinness Breweryemployee William Gosset, who first developed the t distribution), he recorded the ages of randomlyselected passenger cars and randomly selected taxis. The ages can be found from thelicense plates. (There is no end to the fun of traveling with the author.) The ages (in years) arelisted below. We might expect that taxis would be newer, so test the claim that the mean age ofcars is greater than the mean age of taxis.T or F A household is frequently used in analyses because more consistent data are usually collected at that level.