Why is per capita GNI useful as a measure of wealth only in countries that are based on a cash economy?
What will be an ideal response?
MAY VARY
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Which of the following statements best explains why we should be cautious when interpreting overall median household income in the U.S. today by racial-ethnic group?
A) The measure does not account for important variations within racial-ethnic groups. B) The measure does not adjust for inflation. C) The measure does not account for rates of unemployment. D) The measure does not adjust for historical differences in wages.
Answer the following statement(s) true (T) or false (F)
The first two data companies to host data science competitions for novices, enthusiasts, and experts of data science were Kaggle and Enigma.
In 2011, the percentage of young adults living with their parents was ______ higher than it was in 1970
a. 50% b. 40% c. 30% d. 20%
What is the best advice to follow when using regression analysis?
a. It is very robust—don't worry about a thing. b. It has far too many assumptions to make it a worthwhile approach. c. It is based on several assumptions that are seldom satisfied, so use with caution. d. When in doubt, use curvilinear regression. e. If one type of regression doesn't work, keep trying the other types of regression.