EC 410 University of Alabama - COMPLETE COURSE

MODULE HYPOTHESIS TESTING Step 1 of 1 Question 1 of 8 Question 2 of 8 Question 3 of 8 According to Facebook’s self-reported statistics, the average Facebook user has 130 Facebook friends. For a statistics project a student at Contra Costa College tests the hypothesis that CCC students will a...

Question 1 of 7 Question 2 of 7 Seat belts are supposed to save lives. Here are the results of a 1988 study of accident records conducted by the Florida State Department of Highway Safety. The researchers classified people in vehicles involved in accidents as having worn seat belts or not. The ...

MODULE EXAMINING DISTRIBUTIONS Step 1 of 1 Question 1 of 7 Question 2 of 7 The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $240 and a standard deviation of $25. According to the Standard Deviation Rule, in a ...

CHAPTER 3. STATISTICS AND TIME SERIES SOLUTIONS by Wei Lin and Yingying Sun (University of California, Riverside) Exercise 1 a. Let RPCE and RDPI denote “real personal consumption expenditure” and “real disposable personal income” respectively. Their growth rates are calculated as fo...

MODULE CONDITIONAL PROBABILITY AND INDEPENDENCE Step 1 of 1 Question 1 of 5 These days with the cost of a college education it is important to be able to graduate with a bachelors degree in 4 years. The National Association of Independent Colleges and Universities (NAICU) certainly would encoura...

What Will the Exam Be Designed to Do? Assess your understanding of legal concepts Application of the Central Concepts Ability to develop economic analysis of situations from reading of case/facts A Few Central Concepts for Law and Economics 1. EfficiencyMB = MC ...

CHAPTER 5. UNDERSTANDING LINEAR DEPENDENCE: A LINK TO ECONOMIC MODELS SOLUTIONS by Wei Lin and Yingying Sun (University of California, Riverside) Exercise 1 We simulate 1000 observations of the process pt = 6.43 + 0.55pt−1 + εt and plot 100 observations. Compare Figures 1, 2, and 3 with ...

EXAM 2 CASES- EC410  Case Presentation 17: Bargain Theory--Hamer v. Sidway (1890) o “established that forbearance of legal rights (voluntarily abstaining from one's legal rights) on promises of future benefit made by other parties can constitute valid consideration (the element of exchange...

EC410 Exam 2 Study Guide  Bargain Theory: Hamer v. Sidway  Bargain Theory: Allegheny College v. Chautauqua National Bank  Contract Formation: Lucy v. Zehmer  Optimal Reliance: Hadley v. Baxendale  Optimal Reliance: Allied Canners & Packing v. Victor Packing Co.  Optimal Reli...

CONDITIONAL PROBABILITY AND INDEPENDENCE Step 1 of 1 Question 1 of 5 Question 2 of 5 The first three questions refer to the following information: Suppose a basketball team had a season of games with the following characteristics: • 60% of all the games were at-home games. Denote this by H (...

EC 410 ~ Property Readings Cooter/Ulen ~ Chpater 4: An Economic Theory of Property  Cooter identifies four fundamental questions of property law: o How are ownership rights established?  H2O: prior appropriation vs. riparian rights  prior appropriation: first in time - first in right ...