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:
-17 =s
Step-by-step explanation:
-8s +4 = -7s +21
Add 8s to each side
-8s+8s +4 = -7s+8s +21
4 = s+21
Subtract 21 from each side
4-21 = s+21-21
-17 =s
Answer:
8.54
Step-by-step explanation:
Answer:
$793
Step-by-step explanation:
The amount of money in an account earning simple interest is given by the formula ...
A = P(1 +rt)
where P is the principal invested at rate r for t years.
__
Using the values given in the problem statement, the account balance can be found to be ...
A = $650(1 +0.055×4) = $650×1.22 = $793
There will be $793 in the account after 4 years.
