Introduction to Econometrics,Prof. OnatskiProblem Set 1. Due in class on September 23Problem 1.Do problem 2.1 on page 58 of the textbook.Problem 2.Do problem 2.6 on pages 58-59 of the textbook.Problem 3.Do problem 2.10 on page 60 of the textbook.Problem 4.Do problem 2.17 on page 61 of the textbook.Problem 5.An insurance company has three types of customers - high risk,medium risk, and low risk. Twenty percent of its customers are high risk, 30%are medium risk, and 50% are low risk. Also the probability that a customer hasat least one accident in the current year is 0.25 for high risk, 0.16 for mediumrisk, and 0.10 for low risk.
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