Explore BrainMass
Share

Explore BrainMass

    Cost-Benefit Analysis

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Hi. Please find some multiple choice.

    Question 1

    A relation known with certainty is called a:

    1. statistical relation

    2. multiple regression

    3. deterministic relation

    4. simple regression

    Question 2

    Statistical analysis of economic relations focuses on the estimation and interpretation of:

    1. Sample statistic

    2. population parameters

    3. summary measures

    4. descriptive measures

    Question 3

    Relative dispersion is measured by the population:

    1. range

    2. standard deviation

    3. variance

    4. coefficient of variation

    Question 4

    A multiple regression model involves two or more:

    1. Y variables

    2. X variables

    3. intercept points

    4. data points

    Question 5

    Generally speaking, population parameters are not known and mustbe estimated by the sample:

    1. Mean

    2. Mode

    3. Median

    4. Statistics

    Question 6

    High correlation among X variables leads to:

    1. Multicollinearity

    2. High R(squared)

    3. Low R (squared)

    4. High t statistics

    Question 7

    Statistics are

    1. Descriptive measures for a sample

    2. summary measures for the population

    3. pre-determined variables

    4. endogenous variables

    Question 8

    When no scatter about the regression line exists:

    1. SEE = 0

    2. R(Squared)=0

    3. t=0

    4. F=0

    Question 9

    The "middle" observation is the;

    1. median

    2. average

    3. mean

    4. mode

    Question 10

    If demand increases while supply decreases for a particular good:

    1. its equilibrium price will increase while the uantity of the good produced and sold could increase, decrease, or remain constant.

    2. the quantity of the good produced and sold will decrease while its equilibrium price could increase, decrease, or remain constant.

    3. the quantity of the good produced and sold will increase while its equilibrium price could increase, decrease, or remain constant.

    4. its equilibrium price will decrease while the quantity of the good produced and sold could increase, decrease, or remain constant.

    © BrainMass Inc. brainmass.com October 9, 2019, 10:32 pm ad1c9bdddf
    https://brainmass.com/economics/cost-benefit-analysis/cost-benefit-analysis-223642

    Attachments

    Solution Preview

    Question 1

    A relation known with certainty is called a:

    1. statistical relation

    2. multiple regression

    3. deterministic relation

    4. simple regression
    deterministic relation: This holds true according to a preconceived formula or rule.

    Question 2

    Statistical analysis of economic relations focuses on the estimation and interpretation of:

    1. Sample statistic

    2. population parameters

    3. summary measures

    4. descriptive measures
    Sample statistic: This is a measure computed from a sample of observations from the population of interest.

    Question 3

    Relative dispersion is measured by the population:

    1. range

    2. standard deviation
    ...

    Solution Summary

    Cost-Benefit Analysis is discussed very comprehensively in this explanation..

    $2.19