The basic reasons to set up a small business.

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Answer 1

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Chapter 7, Problem 1LO

Summary Introduction

To discuss: The basic reasons to set up a small business.

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Explanation of Solution

The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:

To attain a huge financial success
To be independent
To be flexible
To face the challenge
To survive

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Suppose that a random sample of 216 twenty-year-old men is selected from a population and that their heights and weights are recorded. A regression of weight on height yields Weight = (-107.3628) + 4.2552 x Height, R2 = 0.875, SER = 11.0160 (2.3220) (0.3348) where Weight is measured in pounds and Height is measured in inches. A man has a late growth spurt and grows 1.6200 inches over the course of a year. Construct a confidence interval of 90% for the person's weight gain. The 90% confidence interval for the person's weight gain is ( ☐ ☐) (in pounds). (Round your responses to two decimal places.)

Suppose that (Y, X) satisfy the assumptions specified here. A random sample of n = 498 is drawn and yields Ŷ= 6.47 + 5.66X, R2 = 0.83, SER = 5.3 (3.7) (3.4) Where the numbers in parentheses are the standard errors of the estimated coefficients B₁ = 6.47 and B₁ = 5.66 respectively. Suppose you wanted to test that B₁ is zero at the 5% level. That is, Ho: B₁ = 0 vs. H₁: B₁ #0 Report the t-statistic and p-value for this test. Definition The t-statistic is (Round your response to two decimal places) ☑ The Least Squares Assumptions Y=Bo+B₁X+u, i = 1,..., n, where 1. The error term u; has conditional mean zero given X;: E (u;|X;) = 0; 2. (Y;, X¡), i = 1,..., n, are independent and identically distributed (i.i.d.) draws from i their joint distribution; and 3. Large outliers are unlikely: X; and Y, have nonzero finite fourth moments.

Answer 2

Question

Chapter 7, Problem 1LO

Summary Introduction

To discuss: The basic reasons to set up a small business.

Expert Solution & Answer

Explanation of Solution

The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:

To attain a huge financial success
To be independent
To be flexible
To face the challenge
To survive

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Answer 3

Question

Chapter 7, Problem 1LO

Summary Introduction

To discuss: The basic reasons to set up a small business.

Expert Solution & Answer

Explanation of Solution

The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:

To attain a huge financial success
To be independent
To be flexible
To face the challenge
To survive

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 7, Problem 1LO

Summary Introduction

To discuss: The basic reasons to set up a small business.

Expert Solution & Answer

Explanation of Solution

The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:

To attain a huge financial success
To be independent
To be flexible
To face the challenge
To survive

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 7, Problem 1LO

Summary Introduction

To discuss: The basic reasons to set up a small business.

Expert Solution & Answer

Explanation of Solution

The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:

To attain a huge financial success
To be independent
To be flexible
To face the challenge
To survive

Answer 6

Chapter 7, Problem 1LO

Summary Introduction

To discuss: The basic reasons to set up a small business.

Expert Solution & Answer

Explanation of Solution

The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:

To attain a huge financial success
To be independent
To be flexible
To face the challenge
To survive

Answer 7

Chapter 7, Problem 1LO

Summary Introduction

To discuss: The basic reasons to set up a small business.

Answer 8

Expert Solution & Answer

Explanation of Solution

The rate of entrepreneurship plays a positive and a powerful role in the economy of Country U. The rate of new business creation in the year 2014 indicates the highest rise in the past two decades, however, the beginning activity is still below the historic rules. The basic reasons to establish a small business is as follows:

To attain a huge financial success
To be independent
To be flexible
To face the challenge
To survive

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 7 - Prob. 1LO Ch. 7 - Prob. 2LO Ch. 7 - Prob. 3LO Ch. 7 - Prob. 4LO Ch. 7 - Prob. 5LO Ch. 7 - Prob. 6LO

The basic reasons to set up a small business.

To discuss: The basic reasons to set up a small business.

Explanation of Solution

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Chapter 7 Solutions