Chapter 12: Analysis of Variance (2)List the characteristics of the F distribution. Conduct a test of hypothesis to determine whether the variances of two populations are equal. Discuss the general idea of analysis of variance. Organize data into a one-way and a two-way ANOVA table. Conduct a test of hypothesis among three or more treatment means. Develop confidence intervals f...
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Chapter 12: Aggregate Demand and Aggregate SupplyReal GDP desired at each price level Inverse relationship Real balances effect Interest effect Foreign purchases effect
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Chapter 11: The Aggregate Expenditures ModelUse the Keynesian aggregate expenditures model Prices are fixed GDP = DI Begin with private, closed economy Consumption spending Investment spending
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Chapter 11: Two-Sample Tests of Hypothesis (2)Conduct a test of a hypothesis about the difference between two independent population means. Conduct a test of a hypothesis about the difference between two population proportions. Conduct a test of a hypothesis about the mean difference between paired or dependent observations. Understand the difference between dependent and independent sample...
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Chapter 10: Basic Macroeconomic RelationshipsIncome Consumption and Saving Consumption and saving Primarily determined by DI Direct relationship Consumption schedule Planned household spending (in our model) Saving schedule DI minus C Dissaving can occur
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Chapter 10: One-Sample Tests of Hypothesis (2)Define a hypothesis and hypothesis testing. Describe the five-step hypothesis-testing procedure. Distinguish between a one-tailed and a two-tailed test of hypothesis. Conduct a test of hypothesis about a population mean. Conduct a test of hypothesis about a population proportion. Define Type I and Type II errors. Compute the probability of a ...
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Chapter 09: Business Cycles, Unemployment, and InflationThe Business Cycle Alternating increases and decreases in economic activity over time Phases of the business cycle Peak Recession Trough Expansion
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Chapter 9: Estimation and Confidence IntervalsDefine a point estimate. Define level of confidence. Construct a confidence interval for the population mean when the population standard deviation is known. Construct a confidence interval for a population mean when the population standard deviation is unknown. Construct a confidence interval for a population proportion. Determine the sample ...
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Chapter 8: Sampling Methods and the Central Limit TheoremExplain why a sample is the only feasible way to learn about a population. Describe methods to select a sample. Define and construct a sampling distribution of the sample mean. Explain the central limit theorem. Use the central limit theorem to find probabilities of selecting possible sample means from a specified population.
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Chapter 08: Economic GrowthIncrease in real GDP or real GDP per capita over some time period Percentage rate of growth Growth as a goal Arithmetic of growth: Rule of 70
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