Exam 4: Basic Estimation Techniques
Exam 1: Managers, Profits, and Markets25 Questions
Exam 2: Demand, Supply, and Market Equilibrium52 Questions
Exam 3: Marginal Analysis for Optimal Decision Making25 Questions
Exam 4: Basic Estimation Techniques50 Questions
Exam 5: Theory of Consumer Behavior52 Questions
Exam 6: Elasticity and Demand47 Questions
Exam 7: Demand Estimation and Forecasting66 Questions
Exam 8: Production and Cost in the Short Run33 Questions
Exam 9: Production and Cost in the Long Run52 Questions
Exam 10: Production and Cost Estimation53 Questions
Exam 11: Managerial Decisions in Competitive Markets58 Questions
Exam 12: Managerial Decisions for Firms With Market Power68 Questions
Exam 13: Strategic Decision Making in Oligopoly Markets54 Questions
Exam 14: Advanced Techniques for Profit Maximization67 Questions
Exam 15: Decisions Under Risk and Uncertainty35 Questions
Exam 16: Government Regulation of Business29 Questions
Select questions type
refer to the following:
The linear regression equation, Y = a + bX, was estimated. The following computer printout was
obtained:
-Which of the following statements is correct at the 1% level of significance?

(Multiple Choice)
4.9/5
(26)
refer to the following nonlinear model which relates W to P, Q, and R:
The computer output form the regression analysis is:
-The estimated value of a is


(Multiple Choice)
4.8/5
(29)
4-5F Seventy-five data point on H, U, V, and W are employed to estimate the parameters in the linear relation
. The computer output from the regression analysis is shown below:
-The percentage of the total variation in H explained by the regression is ________ percent.


(Short Answer)
4.8/5
(34)
4-4F Suppose Y is related to R and S in the following nonlinear way:
Twenty-six observations are used to obtain the following regression results:
-A 6.87% increase in Y will occur if S ________________ (increases, decreases) by _______ percent.


(Short Answer)
4.9/5
(31)
refer to the following computer output from estimating the parameters of the nonlinear model
The computer output from the regression analysis is:
-Which of the parameter estimates are statistically significant at the 90% level of confidence?


(Multiple Choice)
4.8/5
(39)
A simple linear regression equation relates G and D as follows:
G = a + bD
-The slope parameter is ______, and the intercept parameter _______.
(Short Answer)
4.9/5
(40)
4-4F Suppose Y is related to R and S in the following nonlinear way:
Twenty-six observations are used to obtain the following regression results:
-If R equals 12 and S equals 30, the fitted (or predicted) value of Y is _____________.


(Short Answer)
4.7/5
(41)
Thirty-two data points on Y and X are employed to estimate the parameters in the linear relation Y = a + bX. The computer output from the regression analysis is
-If X equals 240, the fitted (or predicted) value of Y is ____________________________.

(Short Answer)
4.7/5
(34)
4-4F Suppose Y is related to R and S in the following nonlinear way:
Twenty-six observations are used to obtain the following regression results:
-There are _______ degrees of freedom for the t-test. At the 1% level of significance, the critical t-value for the test is __________.


(Short Answer)
4.9/5
(25)
The linear regression equation G = a + bD is estimated using 24 observations on R and W. The least-squares estimate of b is -22.5, and the standard error of the estimate is 8.36. Perform a t-test for statistical significance of
at the 1% level of significance.
-The parameter estimate _________ (is, is not) statistically significant at the 1% level.

(Short Answer)
4.7/5
(39)
Which of the following is an example of a time-series data set?
(Multiple Choice)
4.8/5
(41)
refer to the following:
A manager wishes to estimate an average cost equation of the following form:
where Q is the level of output. Letting Z = Q2 and using least-squares estimation, the manager obtains the following computer output:
-When output is 20 units, what is average cost?


(Multiple Choice)
4.7/5
(37)
In the linear model
, a test of the hypothesis that parameter c equals zero is

(Multiple Choice)
4.7/5
(30)
Thirty-two data points on Y and X are employed to estimate the parameters in the linear relation Y = a + bX. The computer output from the regression analysis is
-The equation of the sample regression line is: = __________________________.

(Short Answer)
4.9/5
(39)
4-4F Suppose Y is related to R and S in the following nonlinear way:
Twenty-six observations are used to obtain the following regression results:
-The p-value for indicates that the exact level of significance is _________ percent, which is the probability of _________________.


(Short Answer)
4.9/5
(32)
4-5F Seventy-five data point on H, U, V, and W are employed to estimate the parameters in the linear relation
. The computer output from the regression analysis is shown below:
-The p-value for indicates that the exact level of significance is ______ percent, which is the probability of _______________________________.


(Short Answer)
4.8/5
(36)
4-4F Suppose Y is related to R and S in the following nonlinear way:
Twenty-six observations are used to obtain the following regression results:
-The estimated value of a is ______________.


(Short Answer)
4.8/5
(28)
4-4F Suppose Y is related to R and S in the following nonlinear way:
Twenty-six observations are used to obtain the following regression results:
-At the 1% level of significance, _______ (is, is not) significant, _______ (is, is not) significant, and ________ (is, is not) significant.


(Short Answer)
4.8/5
(42)
refer to the following:
The linear regression equation, Y = a + bX, was estimated. The following computer printout was
obtained:
-The exact level of significance of
Is


(Multiple Choice)
5.0/5
(37)
Showing 21 - 40 of 50
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)