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Paraphin [41]
3 years ago
11

What is a pure market model

SAT
2 answers:
valentina_108 [34]3 years ago
6 0
It is a synonym for a purely competitive market (perfect competition). On this type of market the supply (of a homogenous good) is big, and the price is determined by the demand of this goods. Therefore, suppliers on this market are known as price takes. So the model shows supply, demand and therefore the price and quantity in equilibrium.
wlad13 [49]3 years ago
6 0
A pure market model is an economic system that relies on markets to allocate resources.
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Add the numbers from the three sliders to determine the mass

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Find the residual values, and use the graphing calculator tool to make a residual plot.
finlep [7]

Answer:

  • No, the points are evenly distributed about the x-axis.

Explanation:

<u>1. Write the table with the data:</u>

  x      given     predicted       residual

  1       - 3.5         - 1.1

  2      - 2.9           2

  3       - 1.1            5.1

  4        2.2           8.2

  5        3.4           1.3

<u>2. Complete the column of residuals</u>

The residual is the observed (given) value - the predicted value.

  • residual = given - predicted.

Thus, the complete table, with the residual values are:

  x      given     predicted       residual

  1       - 3.5         - 1.1                 - 2.4

  2      - 2.9           2                  - 4.9

  3       - 1.1            5.1                - 6.2

  4        2.2           8.2               - 6.0

  5        3.4           1.3                   2.1

<u>3. Residual plot</u>

You must plot the last column:

  x      residual

  1       - 2.4

  2      - 4.9

  3       - 6.2

  4       - 6.0

  5        2.1

See the plot attached.

<em>Does the residual plot show that the line of best fit is appropriate for the data?</em>

Ideally, a residual plot for a line of best fit that is appropiate for the data must not show any pattern; the points should be randomly distributed about the x-axis.

But the points of the plot are not randomly distributed about the x-axis:  there are 4 points below the x-axis and 1 point over the x-axis: there are more negative residuals than positive residuals.  This is a pattern. Also, you could say that they show a curve pattern, which drives to the same conclusion: the residual plot shows that the line of best fit is not appropiate for the data.

Thus, the conclusion should be: No, the points have a pattern.

  • 1. "<em>Yes, the points have no pattern</em>": false, because as shown, the points do have a pattern, which makes the residual plots does not show that the line of best fit is appropiate for the data.

  • 2. "<em>No, the points are evenly distributed about the x-axis</em>": true. As already said the points have a pattern. It is a curved pattern, and this <em>shows the line of best fit is not appropiate for the data.</em>

  • 3. "<em>No, the points are in a linear pattern</em>": false. The points are not in a linear pattern.

  • 4. "<em>Yes, the points are in a curved pattern</em>": false. Because the points are in a curved pattern, the residual plot shows that the line of best fit is not appropiate for the data.

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“Birth of a Nation,” which runs more than three hours, was sold as a sensation and became one; it was shown at gala screenings, with expensive tickets. It was also the subject of protest by civil-rights organizations and critiques by clergymen and editorialists, and for good reason: “Birth of a Nation” proved horrifically effective at sparking violence against blacks in many cities. Given these circumstances, it’s hard to understand why Griffith’s film merits anything but a place in the dustbin of history, as an abomination worthy solely of autopsy in the study of social and aesthetic pathology.

Explanation:

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This is known, I think, as Brainstorming

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