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Compare the results of the regressions you ran in 2 and 3. What do you see when you compare the coefficients on RootCause estimated in those two regressions?

Define “collectively exhaustive.’’ Define “mutually exclusive.’’ What are the rules a probability measure needs to satisfy? Define “Probability mass function.’’ Define “Cumulative probability function.’’ What is the statement made by the “Law of Large Numbers?’’ What is the statement made by the “Central Limit Theorem?’’ Name outlier-robust statistics that characterizes central tendency and spread of […]

Explain the risks of committing a Type 1 or Type 2 error.

Balancing the Risks of Errors in Hypothesis Testing The U.S. FDA is responsible for approving new drugs.  Many consumer groups feel that the approval process is too easy and, therefore, too many drugs are approved that are later found to be unsafe.  On the other hand, a number of industry lobbyists have pushed for a […]

Explain how the rule applies at the workplace or personal life experience.

Description or the probability problems below, please select one question to work on, share your computations, and provide your answer with an explanation. Probability Rules Web site:   Select and discuss one of the following probability rules: Addition rule Multiplication rule Subtraction rule Independence rule In 6-sentences or more, explain how the rule applies at […]

Analyse data from the dropped ball experiment carried out as part of the physics unit.

Description 1. Analyse data from the dropped ball experiment carried out as part of the physics unit. You will need to include calculations of: • the Mean, Mode, Range and Standard deviation of the data. • explain how standard deviation is interpreted. • Calculate and interpret PMCC for the data. • Use a scatter graph […]

Define the set of instruments used to estimate the model. Justify the reasons of your selected set of instruments.

Use the data provided to answerALLthe questionsbelow.Q1. Plot the time series of all the variables. Describe and discuss dynamics of the data. How does money supply dynamics compare to the other three variables? [5 Marks]Q2. Estimate thestatic demand for money equation below:𝑙𝑚𝑡=𝛽0+𝛽1𝑖𝑛𝑓𝑡+𝛽2𝑙𝑦𝑡+𝛽3𝑡𝑏𝑖𝑙𝑟𝑎𝑡𝑒𝑡+𝑢𝑡(1)where:𝑙𝑚𝑡isnatural log of real money supply, 𝑙𝑦𝑡is the natural logarithm of real gdp, 𝑢𝑡is […]

Explain the steps you followed to calculate the standard deviation in your own words.

Description Calculate the standard deviation of both datasets in the Unit 6 data file, located in Course Documents. In addition, provide for each dataset a five-number summary and construct a box plot using the tools in Word. In a minimum of 250 words, provide the following: (1) Explain the steps you followed to calculate the […]

Explain in your own words the difference between point estimates and confidence interval estimates. Explain which estimate is more accurate.

Description First Post: Choose three of the questions below to answer. 1. You want to estimate the average age of users on a popular social media app. What would a 0% CI be? What would a 100% CI be? 2. Explain in your own words why a 95% confidence interval would be narrower when the […]

Run all suitable diagnostic tests on the regression specification, making improvements to the regression specification where necessary. Discuss the issues and changes made.

For the dataset, HousePrices.csv, load the dataset in Python and answer the following questions / requests, including showing all code used: 1.Describe the dataset using any appropriate descriptive statistics and visuals. [30 marks] 2.Develop a theoretical model, based on prior research, of how house prices are determined based on house features. [20 marks]. This should […]

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