Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

The article "Air Pollution and Medical Care Use by Older Americans" (Health Affairs [2002]: 207-214) gave data on a measure of pollution (in micro- grams of particulate matter per cubic meter of air) and the cost of medical care per person over age 65 for six geographical regions of the United States:

Region Pollution Cost of Medical Care
6.17
-0.08
8.06
0.25
8.62
-0.14
10.56
0
12.45
0.08
11.99
0.03
12.5
-0.07
17.98
0.29
18.29
0.23
19.89
0.24
20.25
0.19
19.07
0.14
17.73
0.05
19.62
0.07

Mean             Temperature (x)   Net Directionality (y)

North

30.0

915

Upper South

31.8

891

Deep South

32.1

968

West South

26.8

972

Big Sky

30.4

952

West

40.0

899

a. Construct a scatterplot of the data. Describe any interesting features of the scatterplot.

b. Find the equation of the least-squares line describing the relationship between y 5 medical cost and x 5 pollution.

c. Is the slope of the least-squares line positive or negative? Is this consistent with your description of the relationship in Part (a)?

d. Do the scatterplot and the equation of the least- squares line support the researchers' conclusion that elderly people who live in more polluted areas have higher medical costs? Explain.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91724260

Have any Question?


Related Questions in Microeconomics

Question in france it takes one worker to produce one

Question: In France it takes one worker to produce one sweater, and one worker to produce one bottle of wine. In Tunisia it takes two workers to produce one sweater, and three workers to produce one bottle of wine. Who h ...

Question in may 2018 the us unemployment rate fell to 38

Question: In May 2018, the U.S. unemployment rate fell to 3.8 percent, its lowest level in 18 years. An unemployment rate this low is often viewed as being very good for the economy, so explain how this low unemployment ...

Question outline how neoclassical economists derive the law

Question: Outline how neoclassical economists derive the law of demand and then criticize neo- classical consumer/demand theory from a heterodox perspective in light of real world consumer behavior (include Veblen's and ...

Question economic homework please help1 compare and

Question: Economic homework, please help 1. Compare and contrast classical economics theory and Marxist economic theory in relation to women and their economic capacity or contribution (or lack thereof). Can you write 3 ...

Question - the revenue equation in hundreds of millions of

Question - The revenue equation (in hundreds of millions of dollars) for barley production in a certain country is approximated by R(x) equals = 0.0637x2 + 1.3445x + 2.2695 where x is in hundreds of millions of bushels. ...

Question in 2009 us households were not even buying a

Question: In 2009 U.S. households were not even buying a toaster when it wore out. Which economies that are major trading partners of the United States are presently in slowdowns? How long do you think that situation wil ...

Question a why women are more likely to stay at home and

Question: a. Why women are more likely to stay at home and take care of children than men are? b. What you expect would happen to (a) if women's salary were to increase so that women make 10% more than men, for the same ...

Question describe the jobs of different types of

Question: Describe the jobs of different types of salespeople and list the characteristics of successful salespeople; Identify a characteristic that you personally need to develop to be a successful salesperson, should y ...

Questions -1 fifteen years ago 1000 was deposited in a bank

Questions - 1. Fifteen years ago $1000 was deposited in a bank account, and today it is worth $2370. The bank pays interest semi-annually. What was the nominal annual interest rate paid on this account? 2. You borrow $35 ...

Question shortly after world war ii the us occupying forces

Question: Shortly after World War II, the US occupying forces set the value of the Dmark and the yen below equilibrium values in Germany and Japan. Over the next 25 years, those countries both staged an amazing recovery. ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As