ECN 102 Final: ECN 102 Final Exam Version A Spring 2015
Document Summary
Total of 56 points and worth 45% of course grade. Read question carefully so you answer the question. 2a 2b 2c 2d 2e 2f 2g 2h 2i 2j 2k. 5a 5b 5c 5d 5e m ult choice. Consider data on price and size of diamond rings of commercial-grade for the mass market. Dependent variable price = price in dollars lnprice = natural logarithm of price. Use the two pages of output provided at the end of this exam on: t critical values, summary statistics, correlations and regressions. Part of the following questions involves deciding which output to use. You can use the output that gets the correct answer in the quickest possible way. 1. (a) how would you use stata to determine whether or not price is normally distributed? (b) the prices are from one supplier. Now consider the population of diamond ring suppliers providing prices for mass market diamond rings with diamonds in the range 0. 12 to 0. 35 carats.
