Find correlation between two sets of data
Matched pairs and independent data sets.
1. While is it important to have matched pairs rather than two independent sets of data?
2. Give an instance of when you would just want to have a correlation between two sets of data.
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In which direction would the shift in labor supply and demand go. Illustrate what would be its effect on the equilibrium of the labor market.
Given independent random variables X and Y with means and standard deviations as shown, find out the mean and the standard deviation of each of these variables.
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A computer file of all smokers is compiled and they are all numbered consecutively, then a random numbers generated by computer are used to select a sample of 1000 smokers.
While is it important to have matched pairs rather than two independent sets of data.
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Illusatrate multiple choice questions with regarding labor demand curve perfectly competitive output and labor marketpalce.
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