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Geometry Question about reflections!
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Asked: Jan 26th, 2015
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Responses (100+ words x2): Choose two of your classmates’ posts. Collect your own data and find your own confidence inte ...
100 plus words for each response
Responses (100+ words x2): Choose two of your classmates’ posts. Collect your own data and find your own confidence interval and compare. If, for example, your point estimate is less than your classmate’s point estimate, can you be sure or confident that the corresponding parameter is less? Why or why not, and what could you do to try to figure it out? What impact do the bounds of the intervals have?1st classmate to respond to:I feel that the mean length of sleep of adults per day is around 4.5-5.5 hours. In order to check if this claim is valid, I gathered data from asking relatives, friends, and colleagues. The data are as follows:5, 4.5, 4, 6, 6.5, 8, 7, 4.5, 4, 4, 5.25, 8, 7.5, 7.25, 6, 5.5, 3.75, 4, 8.5, 8,25The sample mean is 5.88 and the sample standard deviation is 1.65. The 95% confidence interval is (5.10, 6.65). However, the sample was not randomly chosen. Furthermore, the values are estimates as they were just asked without them actually getting the mean length of their sleep.2nd classmate to respond to:Working in an elementary school, I took to what I know. I feel the average daily time that is spent working on school work/assignments outside of “working hours” is around 2.5-4 hours. I asked 20 teachers and the data is as follows:2,3,2.5,1.5,4,1,3,2,1.5,2.5,2,3.5,3,4,2,1,3.5,1.5,4,2Mean is: 2.475Population Standard deviation is 0.95 and Population standard variance is 0.91195% confidence interval falls between 2.05865 and 2.89135
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Based on what you have learned in your assigned reading, answer the following questions in your initial post:
What are the human behaviors economists should observe when creating economic models? Example: people tend to find solutions that are good enough, but not the best solutions.
In your responses, comment on at least two of your peers’ posts and share example of how non-rational human behavior can change an economic outcome.
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100 plus words for each response
Responses (100+ words x2): Choose two of your classmates’ posts. Collect your own data and find your own confidence inte ...
100 plus words for each response
Responses (100+ words x2): Choose two of your classmates’ posts. Collect your own data and find your own confidence interval and compare. If, for example, your point estimate is less than your classmate’s point estimate, can you be sure or confident that the corresponding parameter is less? Why or why not, and what could you do to try to figure it out? What impact do the bounds of the intervals have?1st classmate to respond to:I feel that the mean length of sleep of adults per day is around 4.5-5.5 hours. In order to check if this claim is valid, I gathered data from asking relatives, friends, and colleagues. The data are as follows:5, 4.5, 4, 6, 6.5, 8, 7, 4.5, 4, 4, 5.25, 8, 7.5, 7.25, 6, 5.5, 3.75, 4, 8.5, 8,25The sample mean is 5.88 and the sample standard deviation is 1.65. The 95% confidence interval is (5.10, 6.65). However, the sample was not randomly chosen. Furthermore, the values are estimates as they were just asked without them actually getting the mean length of their sleep.2nd classmate to respond to:Working in an elementary school, I took to what I know. I feel the average daily time that is spent working on school work/assignments outside of “working hours” is around 2.5-4 hours. I asked 20 teachers and the data is as follows:2,3,2.5,1.5,4,1,3,2,1.5,2.5,2,3.5,3,4,2,1,3.5,1.5,4,2Mean is: 2.475Population Standard deviation is 0.95 and Population standard variance is 0.91195% confidence interval falls between 2.05865 and 2.89135
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The quiz covers the below. I will also attach a course study guide.Categorical dataChi-square Goodness of Fit testChi-squa ...
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Economic behavior is more complex than assumed by conventional economic theory. Political economy explains the ...
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Economic behavior is more complex than assumed by conventional economic theory. Political economy explains the functioning of government. Behavioral economics ties psychology into human behavior.
Economists assume that individuals make rational decisions. However real people are more complex.
Based on what you have learned in your assigned reading, answer the following questions in your initial post:
What are the human behaviors economists should observe when creating economic models? Example: people tend to find solutions that are good enough, but not the best solutions.
In your responses, comment on at least two of your peers’ posts and share example of how non-rational human behavior can change an economic outcome.
4 pages
Imuusd Statquiz Solutions
The median of the following sample of scores: 2, 6, 3, 8, 3, 8 is If one score in a distribution is changed to another val ...
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The median of the following sample of scores: 2, 6, 3, 8, 3, 8 is If one score in a distribution is changed to another value, it is certain that, ...
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