Mathematics, 06.05.2020 05:03 jaanne
In macroeconomics, the marginal propensity to consume (MPC) is the proportion of extra income that is spent on consumption, and it is important for determining the effects of monetary and fiscal policy. In this exercise, you will estimate the MPC with the slope from regression analysis. Your two variables are consumption and income. Which is the dependent variable and which is the independent variable? Income is independent variable. You have the following data on consumption and income (in $10,000s). Make a scatterplot. Income 9 11 5 8 2 9 12Consumption 7 7 2 7 2 8 9Draw your best guess for a line of best fit in your scatterplot above.
Guess the slope. .75 Guess the intercept. 0 Do consumption and income appear to have a high, moderate, or low correlation? High correlation, Rsquare is .8438, correlation is sqrt(.8438)=.919
Answers: 1
Mathematics, 21.06.2019 17:30, 21villalobosjabez
Trent wants to buy 2 packs of trading cards for 3 dollars each. the trading card packs that trent normally buys tend to come in packs of 6, 10, 12, or 15 cards. after selecting 2 packs, trent found that the first pack of cards cost 25 cents per card, and the second pack cost 30 cents per card. trent uses this information to write the equations below in order to compare c, the number of cards in each pack.
Answers: 2
Mathematics, 21.06.2019 19:00, hiddenauthors436
Ineed to know the answer to this algebra question.
Answers: 1
In macroeconomics, the marginal propensity to consume (MPC) is the proportion of extra income that i...
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