Answer:
Based on expert opinion the regression does not suffer from omitted variable bias
Step-by-step explanation:
<em>Based on expert opinion the regression does not suffer from omitted variable bias </em>because its indicators taking values of 1 and 0 where 1 would represent taking action by the legal system and 0 would represent not taking action by the legal system. as
The researcher plans to regress national income per capita based on the effect of the legal system
applying the formula for addressing omitted variable bias ( attached below )
Answer: Mode = 12
Explanation: The mode is the most frequent value, so it is the value that shows up the most. In this case, that would be the value "12" since it shows up three times (while the other values only show up once).
Answer:
$4182.7
Step-by-step explanation:= 4000*(1.5%)*3
Year 1= 4000*(100%+1.5%)= 4060
Year 2= 4060*(100%+1.5%)= 4120.9
Year 3= 4120.9*(100%+1.5%)= 4182.7
89 multiplied by .07 is 6.23 so add 6.23 to 89 aka
$95.23 is your answer