ECON 420 Homework 5
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Econometrics
Total:
24 points
The
Business and Economics Department has recently completed an alumni survey on
learning objectives. A version of the survey and the motivation behind the
survey is available at the link below. A pdf copy is also available on D2L.
https://www.research.net/r/sampleSLOsSp16 (Please
do not try to complete the survey).
1.
(12
points) The results of the survey will be compiled into a report and presented
to the Business and Economics Department, as well as to Dean Miller. Write a
rough outline for the report based on the motivation and the questions asked.
Think
about:
What
information should be presented?
What
information would be most useful given the motivation?
What
statistics should be generated?
Note:
Unfortunately, we do not have the tools to properly run the regressions needed
for this homework, so you must instead describe the steps you would take
instead.
2.
(12
points) The ultimate goal of the survey and the effort to improve learning
objectives is to improve the number and quality of job offers students receive
after graduation.
1.
Suppose
we must use regressions to analyze how opinions differ based on the demographic
characteristics. What kind of model(s) should we use? What would the regression
equation(s) look like?
2.
Given
the ultimate goal; are there any groups of respondents whose opinions should
carry greater weight?
3.
How
could we use t-tests to determine the likelihood that one group favors one
learning objective over another? Write down the correct null and alternate
hypothesis.
4.
Is
there reason to believe that one group of respondents should not be included
with the rest? How would you test that; what is the procedure and equation?
5.
What
would a rejection of the null hypothesis in part (d) mean; how would you deal
with the issue?
6.
What
would a failure to reject the null hypothesis in part (d) mean; how would you
deal with the issue?
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