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Tems11 [23]
3 years ago
8

Use the data in LAWSCH85 for this exercise. (i) Using the same model as in Problem 4 in Chapter 3, state and test the null hypot

hesis that the rank of law schools has no ceteris paribus effect on median starting salary. (ii) Are features of the incoming class of students—namely, LSAT and GPA—individually or jointly significant for explaining salary? (Be sure to account for missing data on LSAT and GPA.)
Mathematics
1 answer:
natka813 [3]3 years ago
6 0

Answer:

Step-by-step explanation:

In the model

Log (salary) = B0 + B1LSAT +B2GPA +B3log(libvol) +B4log(cost)+B5 rank+u

The hypothesis that rank has no effect on log (salary) is H0:B5 = 0. The estimated equation (now with standard errors) is

               Log (salary) =    8.34 +    .0047 LSAT +   .248 GPA +   .095 log(libvol)

                                        (0.53)     (.0040)              (.090)            (.033)

                                         +     .038 log(cost)    – .0033 rank

                                              (.032)                    (.0003)

                   n = 136,    R2 = .842.

The t statistic on rank is –11(i.e. 0.0033/0.0003), which is very significant. If rank decreases by 10 (which is a move up for a law school), median starting salary is predicted to increase by about 3.3%.

(ii) LSAT is not statistically significant (t statistic ≈1.18) but GPA is very significance (t statistic  ≈2.76). The test for joint significance is moot given that GPA is so significant, but for completeness the F statistic is about 9.95 (with 2 and 130 df) and p-value ≈.0001.

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Answer:

769 cubic ft

Step-by-step explanation:

Its volume:

Find the volume of a cylinder of radius 7 ft and length 5 ft:

The basic formula for his volume is V = πr²h.  In this case, the volume is:

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What is the greatest common factor of 30,48,60
nydimaria [60]
The greatest common factors of 30,48,60 is 6.
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Using a standard six-sided die, janice rolled either a 2 or a 5on the last 6 rolls of the die. what is the probability of janice
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probability = favorable outcomes/total possible outcomes

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Make your fraction.

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8 0
2 years ago
3. The backyard of a home is a rectangle 25m by 30m. A garden of uniform width is to be
KiRa [710]

Answer:

Part A

The width of the garden is approximately 3.987 meters

Part B

Please find attached the drawing of the solution

Step-by-step explanation:

Part A

The given parameters are;

The dimensions of the backyard of the home = 25 m by 30 m

The width of the garden to be built in the yard = Uniform width

The shape of the grass left inside = Rectangular

The area of the grass at the center = The area of the garden

Let 'x' represent the width of the garden, we have;

The length of the rectangular grass area at the center, l = 30 - 2·x

The width of the rectangular area of grass at the center, w = 25 - 2·x

The area of the rectangular backyard, A = 30 m × 25 m = 750 m²

The area of the rectangular backyard, A = (The area of the garden) + (The area of the rectangle of grass inside)

The area of the rectangle of grass, GA = (30 - 2·x)·(25 - 2·x) = The area of the garden

The area of the rectangular backyard, A = 750 = (30 - 2·x)·(25 - 2·x) + (30 - 2·x)·(25 - 2·x)  = 2 × (30 - 2·x)·(25 - 2·x) = 8·x² - 220·x + 1,500

∴ 750 = 8·x² - 220·x + 1,500

8·x² - 220·x + 1,500 - 750 = 0

8·x² - 220·x + 750 = 0

x = (220 ± √(220² - 4 × 8 × 750))/(2 × 8)

x ≈ 23.513, or x = 3.987

When x = 25.513, the width of the rectangle of grass inside, w = 25 - 2 × 23.513 = -22.026, which is not a natural (physically possible)

Therefore, the possible width of the garden, x ≈ 3.987

Part B

The drawing of the solution created with MS Visio is attached

6 0
3 years ago
Sociologists say that 85% of married women claim that their husband's mother is the biggest bone of contention in their marriage
hoa [83]

Answer:

(A) 0.377,

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Step-by-step explanation:

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0.000

(C) P(at least 4 dislike their Mother-in-Law) =

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0.953

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C(6,0) * (.85)^0 * (.15)^6 + C(6,1) * (.85)^1 * (.15)^5 + C(6,2) * (.85)^2 * (.15)^4 + C(6,3) * (.85)^3 * (.15)^3 =

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0.047

3 0
3 years ago
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