The variables as quantitative or qualitative.

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Answer 1

Question

Chapter 12, Problem 12.146ACB

a.

To determine

To Identify: The variables as quantitative or qualitative.

b.

To determine

To Identify: Whether the variable is positively or negatively related to final GPA.

c.

To determine

To Set: The appropriate dummy variable for each of the qualitative variable.

d.

To determine

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

e.

To determine

To Interpret: The β ’s in the model.

f.

To determine

To Write: The first-order model for final GPA.

g.

To determine

The slope of the line for the year 1 cohort.

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Consider the simple discrete job search model that we studied in class. Only the unemployed can receive one offer per period from F(w) that is a uniform distribution on [0,2]. There is a constant probability of being laid off at the end of each period while employed. Assume that she can get a new offer right away when laid off. We want to understand the reservation wage, WR, in this model. Assume that u(c) = c. The parameters are a discount factor ẞ and an unemployment benefit b.R and show that T is contraction on [0, ∞). Explicitly state any additional assumptions that you may need.(Grading guide line: 5pt for the exact form of T, 10pt for showing contraction, and 5pt for stating correct assumptions.)< (b) Discuss why (a) is useful to understand the reservation wage wд in this economy.< (c) We write WR = WR (b,ẞ,λ) to reveal its dependence on (b,ẞ,λ). Show that 0 ≤ aWR дь OWR дл ≤1 and ≥0. What about ? awR ав State any additional assumptions that you may need.< (d) Briefly explain the…

Answer 2

Question

Chapter 12, Problem 12.146ACB

a.

To determine

To Identify: The variables as quantitative or qualitative.

b.

To determine

To Identify: Whether the variable is positively or negatively related to final GPA.

c.

To determine

To Set: The appropriate dummy variable for each of the qualitative variable.

d.

To determine

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

e.

To determine

To Interpret: The β ’s in the model.

f.

To determine

To Write: The first-order model for final GPA.

g.

To determine

The slope of the line for the year 1 cohort.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 12.146ACB

a.

To determine

To Identify: The variables as quantitative or qualitative.

b.

To determine

To Identify: Whether the variable is positively or negatively related to final GPA.

c.

To determine

To Set: The appropriate dummy variable for each of the qualitative variable.

d.

To determine

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

e.

To determine

To Interpret: The β ’s in the model.

f.

To determine

To Write: The first-order model for final GPA.

g.

To determine

The slope of the line for the year 1 cohort.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 12, Problem 12.146ACB

a.

To determine

To Identify: The variables as quantitative or qualitative.

b.

To determine

To Identify: Whether the variable is positively or negatively related to final GPA.

c.

To determine

To Set: The appropriate dummy variable for each of the qualitative variable.

d.

To determine

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

e.

To determine

To Interpret: The β ’s in the model.

f.

To determine

To Write: The first-order model for final GPA.

g.

To determine

The slope of the line for the year 1 cohort.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 12.146ACB

a.

To determine

To Identify: The variables as quantitative or qualitative.

b.

To determine

To Identify: Whether the variable is positively or negatively related to final GPA.

c.

To determine

To Set: The appropriate dummy variable for each of the qualitative variable.

d.

To determine

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

e.

To determine

To Interpret: The β ’s in the model.

f.

To determine

To Write: The first-order model for final GPA.

g.

To determine

The slope of the line for the year 1 cohort.

Answer 6

Chapter 12, Problem 12.146ACB

a.

To determine

To Identify: The variables as quantitative or qualitative.

Answer 7

Chapter 12, Problem 12.146ACB

a.

To determine

To Identify: The variables as quantitative or qualitative.

Answer 8

b.

To determine

To Identify: Whether the variable is positively or negatively related to final GPA.

Answer 9

b.

To determine

To Identify: Whether the variable is positively or negatively related to final GPA.

Answer 10

c.

To determine

To Set: The appropriate dummy variable for each of the qualitative variable.

Answer 11

c.

To determine

To Set: The appropriate dummy variable for each of the qualitative variable.

Answer 12

d.

To determine

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

Answer 13

d.

To determine

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

Answer 14

e.

To determine

To Interpret: The β ’s in the model.

Answer 15

e.

To determine

To Interpret: The β ’s in the model.

Answer 16

f.

To determine

To Write: The first-order model for final GPA.

Answer 17

f.

To determine

To Write: The first-order model for final GPA.

Answer 18

g.

To determine

The slope of the line for the year 1 cohort.

Answer 19

g.

To determine

The slope of the line for the year 1 cohort.

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

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Answer 23

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The variables as quantitative or qualitative.

Solution Summary: The author explains that quantitative variables are measured on a numeric or quantitative scale. Qualitative variables include quantitative, verbal, undergraduate, and first-year variables.

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To Identify: The variables as quantitative or qualitative.

To Identify: Whether the variable is positively or negatively related to final GPA.

To Set: The appropriate dummy variable for each of the qualitative variable.

To Write: The first-order main-effect model relating final GPA, to the five independent variables.

To Interpret: The β ’s in the model.

To Write: The first-order model for final GPA.

The slope of the line for the year 1 cohort.

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Chapter 12 Solutions