Principles of Microeconomics (12th Edition)
Principles of Microeconomics (12th Edition)
12th Edition
ISBN: 9780134078816
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
bartleby

Concept explainers

Question
Book Icon
Chapter 22, Problem 1.1P

(a)

To determine

Identify the selection bias in the study of heart disease and fast food.

(a)

Expert Solution
Check Mark

Explanation of Solution

In the study of 5,000 office workers in Chicago, they considered only two variables such as heart diseases and fast food. But, in reality there were many reasons behind the heart diseases of a person. For example, lack of exercise, or a poor healthy life style and so on. With these reasons, there is also a possibility of regularly dine on fast food. Therefore, eating fast food thrice or many times per week is not only the reason for heart disease. Therefore, selection bias occurs in this study.

Economics Concept Introduction

Selection bias: A selection bias occurs in a study, if the sample used in that study is not random.

(b)

To determine

Identify the selection bias in the study of senior assisted living facilities.

(b)

Expert Solution
Check Mark

Explanation of Solution

A survey of senior-assisted living facilities states that majority of residents are females. Because, on an average, female tend to outlive men. But, this is not in the case of old men citizens. They do not need much assistance as older women. But, the notable fact that there are several older women in the population than older men. Therefore, selection bias occurs in this study.

Economics Concept Introduction

Selection bias: A selection bias occurs in a study, if the sample used in that study is not random.

(c)

To determine

Identify the selection bias in the study of graduation from private and public universities.

(c)

Expert Solution
Check Mark

Explanation of Solution

This study of college students' graduation from private and public universities states that an education from private university will enhance students' earnings. Those who have selected private university have more earning potential than those who have selected public universities. Therefore, private university is more selective. In other words, those students who have greater earning potential would likely select private universities.

Economics Concept Introduction

Selection bias: A selection bias occurs in a study, if the sample used in that study is not random.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Explain and evaluate the impact of legislation on the U.S. criminal justice system, specifically on the prison population and its impact on poverty and the U.S. economy. Include significant elements and limitations such as the War on Drugs and the First Step Act.
Given the following petroleum tax details, calculate the marginal tax rate and explain its significance: Total Revenue: $500 million Cost of Operations: $200 million Tax Rate: 40% Additional Royalty: 5% Profit-Based Tax: 10%
Use a game tree to illustrate why an aircraft manufacturer may price below the current marginal cost in the short run if it has a steep learning curve.   ​(Hint​: Show that learning by doing lowers its cost in the second​ period.) Part 2 Assume for simplicity the game tree is illustrated in the figure to the right. Pricing below marginal cost reduces profits but gives the incumbent a cost advantage over potential rivals. What is the subgame perfect Nash​ equilibrium?
Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning