Homework Statement
Salaries of NBA players related to average points per game:
Salary = 1 500 000 + 0.9log(points), n = 150, r^2 = 0.14
1) What is a bad players salary? 2) Interpret the coefficient in front of the aggressor 3) What would be the advantages of running it in log-log form...
Homework Statement
The simple regression model is y = α + βx + u, where u is the error term. If you don't include α, when is β unbiased?
Homework Equations
y = α + βx + u
The Attempt at a Solution
Not including α doesn't affect whether β is unbiased because α is a constant.
Sorry.
I mean if you were NOT asked to find a maximum or minimum, and were ONLY asked to find the lagrangian and the three partial derivatives - would these two answers be correct regardless of how you solved the constraint function?
The goal was to find an optimal value subject to the constraint... Does it matter then, and how do you know which one to pick?
Also, both partial derivatives would be correct, right?
Homework Statement
F(x, y) = 96xy - 4x
subject to constraint of 11 = x + y
Form the lagrangian.
Homework Equations
F(x, y) = 96xy - 4x
subject to constraint of 11 = x + y
The Attempt at a Solution
My only question is solving 11 = x + y
My book says the answer is:
L...
Homework Statement
I am pretty sure I went completely wrong but not sure where. Please help!
2 -3
2 -5
Homework Equations
2 -3
2 -5
The Attempt at a Solution
(note: I apologize for poor notation)
eigenvalues = -4, 1
eigenvectors = (1/√5)(1/2), (1/√10)(3/1)
The matrix is not symmetric...
Homework Statement
Find eigenvector for the root -7 of:
|2 3|
|3 -6|
Homework Equations
|2 3|
|3 -6|
The Attempt at a Solution
I got
1
-3
But my books says
-1
3
I am only wondering if this is possibly the same answer, because when I check my answer by multiplying...
Homework Statement
For u(x1, x2) = ax1 + bx2
a) find total differential
b) Draw a representative level curve for u = ubar (u with a line over it)
c) Find MRS (marginal rate of substitution)
Homework Equations
u(x1, x2) = ax1 + bx2
The Attempt at a Solution
a)
fx1 = a
fx2...
Sorry... If it was i.e. y = (x, y), x = (t), y = (t^2) I would get it and there my book says you do the same steps as I listed above.
I'm just not sure here... y = f(t, t^2, t^3). Thus, y = dependent. t, t^2, t^3 are independent. Intermediate variables must connect the two... If that is not...
Homework Statement
If possible, please check my work for any large errors.
y = 10kl - √k - √l
k = (t/5) + 5
l = 5e^t/10
Evaluate at t = 0 using chain rule.
Homework Equations
y = 10kl - √k - √l
k = (t/5) + 5
l = 5e^t/10
The Attempt at a Solution
= ∂y/∂k * dk/dt + ∂y/∂l * dl/dt
= (10l -...