Purchase Solution

# Intro to Econometrics Help

Not what you're looking for?

** Please see the attachment for a complete problem description **

1) We've collected data on the percentage of the population of each county in California that is considered obese, using clinical measures, and that has been diagnosed with diabetes. We have constructed two random variables, Obesity and Diabetes, of the following forms (note: how the categories are constructed is irrelevant),
(please see the attached file)

Thank you.

##### Solution Summary

This solution provides an introductory explanation of how to calculate a probability and the conditional distribution of the given variable.

##### Solution Preview

a) We shall note that the probability of obesity = 2 may be further divided into 3 subgroups, that is,

P(obesity = 2) = P(obesity = 2 and diabetes = 1) + P(obesity = 2 and diabetes = 2) + P(obesity = 2 and diabetes = 3) = 0.00 + 0.278 + 0.122 = 0.4.

Using the same reasoning as above, we complete the table.

Ob = 1 Ob = 2 Ob = 3 F(d)

Diab = 1 0.017 0.00 ...

##### Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

##### Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

##### Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

##### Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

##### Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.