ECO452
Question: If the prob(head) = Â14 = p, then Prob(not obtaining a head) will be
Answer: q = 1 – p
Question: Given ΣX = 800, ΣY = 811, ΣXY =54107, ΣX2 = 53418, ΣY2 = 54849, n =12, what will be the least square equation of Y on X?
Answer: E2 = 35.80 + 0.48X
Question: Which of the following defines Fisher’s Ideal Price Index?
Answer: ΣPnQo/ΣPoQo x100
Question: Three variable linear regression model is usually written as
Answer: Y = bo + b1X1 + b2X2 + |1/4
Question: The assumptions of analysis of covariance include among others except
Answer: The values in the population are normally distributed
Question: Index number can be calculated by any of the following methods except
Answer: Least squares method
Question: Multiple regression model attempts to expose the relative and combine importance ofâ€|.
Answer: independent variables on dependent variables
Question: Binomial distribution symbolically it is written as;
Answer: P(x) = nCx Pxqn-x
Question: Al! are the descriptive Population parameter except
Answer: xl…
Question: In technical language, a set of data is regarded as a sample drawn from
Answer: larger universe
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