You are interested in analyzing how rent controls affect students' housing outcomes. You collect information from a random sample of 350 counties across the US. Let on_campus summarize the share of undergraduate students in the county that live on campus. Let rent_control be an indicator variable equal to 1 if the county has rent controls and zero if it does not. These are the descriptive statistics for your sample: rent_control = 0.1 on_campus = 0.18 sample variance of rent_control = s²rent_control = 0.3 sample variance of on_campus = s². = 0.2 on_campus

You are interested in analyzing how rent controls affect students' housing outcomes. You collect information from a random sample of 350 counties across the US. Let on_campus summarize the share of undergraduate students in the county that live on campus. Let rent_control be an indicator variable equal to 1 if the county has rent controls and zero if it does not. These are the descriptive statistics for your sample: rent_control = 0.1 on_campus = 0.18 sample variance of rent_control = s²rent_control = 0.3 sample variance of on_campus = s². = 0.2 on_campus

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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…