Write significance of mathematical expectation of variable
Suppose the random variable X measures the rate of return on a single investment. What is the significance of the mathematical expectation of this random variable in investment decisions?
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Under which three Gauss-Markov assumptions is the OLS estimator unbiased in a time series regression? Briefly discuss each one.
A popoular size of scuba diving take is 71.2 ft3 because this is the volume that the compressed air inside the tank would occupy at a normal surface pressure of 1 atm.
Beginning inventory 5,000 units that are 100% complete as to materials and 30% complete as to conversion costs; units started into production 15,000; ending inventory of 4,000 units that are 30% complete as to conversion costs.
Rainbow Cruises operates a week-long cruise tour through the Hawaiian Islands. Passengers currently pay $1,800 for a two-person cabin, which is an all-inclusive price that includes food.
Specify a model for housing starts that accounts for possible trends and seasonality in the variables. How would you interpret the estimated coefficients?
Sycamore Company uses a certain part in its manufacturing process that it buys from an outside supplier for $29 per part plus another $4 for shipping and other purchasing-related costs.
What is the probability that a random sample of 100 medium coffees sold by that shop has a total volume of less than 1603 ounces?
Calculate the following variances showing all computations supporting your answers. Indicate if the variances are favorable (F) or unfavorable (U).
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