Quiz1b[1] - MGE302A:APPLIED...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
MGE302A:APPLIED ECONOMICS:201009285650 (201009_285650_COMB) > QUIZZES > REVIEW ASSESSMENT: QUIZ 1 Review Assessment: Quiz 1 User Laura Lynn Habberfield Submitted 10/8/10 2:03 PM Name Quiz 1 Status Completed Score 19 out of 20 points Time Elapsed 0 hours, 25 minutes, and 24 seconds out of 1 hours and 0 minutes allowed. Instructions (1) Do not open the quiz unless you plan to complete it. Once a quiz is opened the previous grade is removed from the system and replaced with a lock until the quiz is submitted for a new grade. (2) You are not allowed to save the quiz, print the quiz, check your e-mail, or leave the computer while completing the quiz. (3) The quiz has a strict one hour time limit. If you take longer than an hour to complete the quiz your grade will be shown as an exclamation point (!) in the grade book. If the final attempt at the quiz recorded in the gradebook is not completed within the one hour time limit the quiz will be given a grade of zero. NO EXCEPTIONS. (4) Finally, do not wait until the last minute to complete the quiz as the quiz will lock at the conclusion of the availability period resulting in a grade of zero. Question 1 1 out of 1 points When the R2 of a regression equation is very high, it indicates that Selected Answer: B. A high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables. Correct Answer: B. A high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question 2 1 out of 1 points A firm is experiencing theft problems at its warehouse. A consultant to the firm believes that the dollar loss from theft each week (T) depends on the number of security guards (G) and on the unemployment rate in the county where the warehouse is located (U measured as a percent). In order to test this hypothesis, the consultant estimated the regression equation T = a + bG + cU and obtained the following results: Dependent Variable: T R-Square F-Ratio P-Value on F Observations: 27 0.7793 42.38 0.0001 Variable Parameter Estimate Standard ErrorT-Ratio P-Value Intercept 5150.43 1740.72 2.96 0.0068 G -480.92 130.66 -3.68 0.0012 U 211.0 75.0 2.81 0.0096 A one percent increase in the level of unemployment in the county results in an increase in losses due to theft of __________ more losses per week. Selected Answer: D. $211 Correct Answer: D. $211 Question 3 1 out of 1 points If a regression coefficient passes the t-test, it means that Selected Answer: D. The regression coefficient is significantly different from zero. Correct Answer: D. The regression coefficient is significantly different from zero. Question 4 1 out of 1 points
Background image of page 2
Which of the following is NOT one of features characterizing market structures? Selected Answer:
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 16

Quiz1b[1] - MGE302A:APPLIED...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online