Mathematics, 08.03.2021 02:10, smithad242
The percentage of children ages 1 to 14 living in poverty in 1985 compared to 1991 for 12 states was gathered.
Part A: Determine and interpret the LSRL. (3 points)
Part B: Predict the percentage of children living in poverty in 1991 for State 13 if the percentage in 1985 was 19.5. Show your work. (3 points)
Part C: Calculate and interpret the residual for State 13 if the observed percent of poverty in 1991 was 22.7. Show your work. (4 points)
Answers: 1
Mathematics, 21.06.2019 23:00, ptrlvn01
1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.
Answers: 3
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