Cristina is excited with these averages and tells her public relations team to prepare a glossy brochure to showcase this $250 increase in household income. which of the following must be true to confidently conclude that this $250 difference in average income was caused by access to a UThere The herders who bought UThere phones would have had higher income than the herders who did not even if they had not purchased the UThere phone. The herders who bought UThere phones would have had the same income as the herders who did not even if they had not purchased the UThere phone. We don’t need to worry about Selection Bias since Nepal and Tibet are small countries with more or less similar people. The equation for Selection Bias does not provide enough information since we do not know the counterfactuals.
Cristina is excited with these averages and tells her public relations team to prepare a glossy brochure to showcase this $250 increase in household income. which of the following must be true to confidently conclude that this $250 difference in average income was caused by access to a UThere The herders who bought UThere phones would have had higher income than the herders who did not even if they had not purchased the UThere phone. The herders who bought UThere phones would have had the same income as the herders who did not even if they had not purchased the UThere phone. We don’t need to worry about Selection Bias since Nepal and Tibet are small countries with more or less similar people. The equation for Selection Bias does not provide enough information since we do not know the counterfactuals.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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- Cristina is excited with these averages and tells her public relations team to prepare a glossy brochure to showcase this $250 increase in household income. which of the following must be true to confidently conclude that this $250 difference in average income was caused by access to a UThere
- The herders who bought UThere phones would have had higher income than the herders who did not even if they had not purchased the UThere phone.
- The herders who bought UThere phones would have had the same income as the herders who did not even if they had not purchased the UThere phone.
- We don’t need to worry about Selection Bias since Nepal and Tibet are small countries with more or less similar people.
- The equation for Selection Bias does not provide enough information since we do not know the counterfactuals.
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