Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

An environmental economist wished to determine the market demand function for tradable permits in carbon dioxide emissions from experimental data she had collected. Using 13 different values for the price per tonne in dollars (P), the following was estimated:

Q = 5984.5 - 4.954 P

Standard error of the estimate: 270.6 Sum of squares of price: 41832.0

where Q is the number of thousand tonnes of carbon dioxide demanded at the price P.

1. State the direction of the alternative hypothesis used to test that the demand function is downward sloping. Type gt (greater than), ge (greater than or equal to), lt (less than), le (less than or equal to) or ne (not equal to) as appropriate in the box.

2. Use the tables in the text to determine the critical value used to conduct the test, assuming a 1% level of significance. If doing a two tail test, state only the positive value.

3. find out the test statistic, reporting your answer to two decimal places.

4. Is the null hypothesis rejected for this test? Type yes or no.

5. Disregarding your answer in part 4, if the null hypothesis was rejected, would the demand curve for tradable permits be downward sloping? Type yes or no.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M943871

Have any Question? 


Related Questions in Statistics and Probability

Connie wants to have an annuity payment of 2000 at the end

Connie wants to have an annuity payment of $2,000 at the END of every three months. How much should she deposit now at 6% interest, compounded quarterly, to yield this payment for 3 years? (Use Table 12-2 in your text) $ ...

Peter has two envelopes he puts 10k euros in one and 10k1

Peter has two envelopes. He puts 10k euros in one and 10 k+1 euros in the other, where k is the outcome of the toss of a fair die. Peter gives one of the envelopes to Mark and one to Luke (neither Mark nor Luke knows the ...

Since 1865 african americans native americans women latino

Since 1865, African Americans, Native Americans, Women, Latino Americans, Asian Americans, other Minority Groups (native-born and immigrant), Homosexuals, Immigrants from all over, Religious Groups, etc. all agitated for ...

A box of teddy grahams chocolate cookies is supposed to

A box of Teddy Grahams chocolate cookies is supposed to weigh 250 grams. There is some variation in weight from box to box. The box contents are Normally distributed with an unknown mean and a known standard deviation of ...

What would the null and alternate hypothesis be for the

What would the null and alternate hypothesis be for, " The airlines claim that complaints average less than 15 per month per airport. To investigate the problem an independent watchdog agency contacted a random sample of ...

An insurance company checks police records on 1200 randomly

An insurance company checks police records on 1200 randomly selected auto accidents and notes that teenagers were at the wheel in 180 of them. Construct a 90% confidence interval estimate of the proportion of auto accide ...

How did the working class assert itself in europe during

How did the working class assert itself in europe during the late 18th century? provide examples and compare to the philosophy of social darwinism.

If the difference between two means is not statistically

If the difference between two means is not statistically significant, how certain are you that the independent variable really does not affect the dependent variable?

A company has 1000000 to invest in new rampd projects the

A company has $1,000,000 to invest in new R&D projects. The company wants to determine what set of projects should be selected. [Deterministic Scenario] The following table summarizes the initial cost and revenue potenti ...

A recent report suggested that older people think more

A recent report suggested that older people think more slowly than younger people because they have more information stored in their brains.  Because WeStudyEverything wasn't sure regarding the source of the study, they ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen