These problems are due at the beginning of class on Wednesday, September 20. You will probably want to do them on paper in order to make the equations easy, but electronic submissions are also acceptable. Send them as an email attachment (.doc, .docx, .rtf, or .pdf).

Answer the following questions from Studenmund's 7th edition textbook and the online chapter on statistics (Chapter 17):

  • Chapter 3, Exercise 3 (We don't study this for another week or so, but the numbers in parentheses below the coefficients seem to be standard errors; an interval from two standard errors below the estimate to two standard errors above can be interpreted as a "margin of error" for the estimates. For example, for the "M" coefficient, the range would be 817 - 2*259 to 817 + 2*259, or 299 to 1,335.)
  • Chapter 3, Exercise 5
  • Online Chapter 17, Exercise 4
  • Online Chapter 17, Exercise 6