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Explain the relationship between selection bias and volunteers and explain its impacts on statistical analysis
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- These are variables where the distance between categories are identical across the range but there is no zero point whwre the traith doesn't existMarketers examine characteristics of individual members of groups using descriptions such as that member's race, gender, average age, income, and/or education level. These descriptive variables are generally referred to as the members associated with each group. for theDuring the COVID-19 Lockdown in May, many rickshaw-pullers left the market of rickshaw-rides and went to their village homes to pursue other work. What can you conclude from the given information?Discuss all conclusions in detail.
- What do you understand by the concepts of intra temporal choice models in Managerial Economics? This question was not addressed in the answer providedEach group can select a product or service and investigate its price elasticity of demand and price elasticity of supply. Students should explore how changes in price and other factors affect the quantity demanded or supplied. They can also discuss the significance of elasticity for businesses and policy-makers. Part B: Market Analysis Conduct a market analysis of the industry the chosen product belongs to. The analysis should include the following. • market structure • key players • pricing strategies • entry barriers, and • consumer behavior in the industry of the chosen product/service. Also, discuss the implications of the market structure on competition and pricing.Application. The outbreak of the bubonic plague- the Black Death- in 1348 reduced the population of Europe by about one-third within a few years, which resulted in a massive reduction in the labor force during the plague years. Suppose the outbreak of the bubonic plague- the Black Death- in 1348 did not cause the TEP. parameter to fall (this is a reasonable assumption for simplicity as the effect of the fall in TFP was much less significant than the effect of the massive reduction in the labor force during the Black Death, so the effect of the fall in TFP was negligible compared with the massive reduction in the labor force during the Black Death). Using the complete intertemporal model developed in class, brieáy explain the eşects of the outbreak on the equilibrium values of real wage, output, real interest rate, consumption, investment, and the price level.
- Please answer this questionWhich statement best exemplifies current motivation theories? The reinforcement approach to motivation has been found to be superior to other motivational models. The motivational models that make strong economic assumptions regarding human motivation have received the most universal acceptance. There are several approaches to motivation, and one or another may be useful in specific organizational contexts, with specific individuals or groups, at different times. Freud's psychodynamic theory of motivation has generally been supported with the strongest empirical evidence.3. A researcher is commissioned by a policy maker to conduct an empirical investigation. The researcher needs to collect data and hence asks the policy maker for a grant. After the grant application is approved the researcher demands for more financial support to collect more data and increase its sample size. The researcher claims that the advantage of a bigger sample size is removing the bias from estimation. < a) Explain omitted variable in linear regressions. < b) Based on what you learnt in this module, do you agree or disagree with the researcher's claim that "bigger sample size removes the omitted variable bias". Discuss. <
- You are interested in the effect of income on health, where a linear regression will lead to classical selection bias. One option is to use the income of the neighborhood as an instrument of an individual’s income. Is this a good instrument? Explain.Use of the appropriate Learning strategy compensates a deficit in learning. Select one: True O FalseAssume that the coefficient estimated in the second regression is correct. Forget about the effect of the Return variable, whose effect seems small and statistically insignificant. Calculate the correlation between Female and In(MarketValue) using the omitted variable bias equation. Let X Female, u=MarketValue, and =0.51. The correlation between Female and In(MarketValue), Px is -0.333. (Round your response to three decimal places.) Are large firms more likely to have female top executives than small firms? A. Yes. B. There is no relationship between the genders. C. No.
