The following model can be used to study whether campaign expenditures affect election outcomes: voteA = β0 + β1log(expendA) + β
2log(expendB) + β3prtystrA + u where voteA is the percentage of the vote received by Candidate A, expendA and expendB are campaign expenditures by Candidates A and B, and prtystrA is a measure of party strength for Candidate A (the percentage of the most recent presidential vote that went to A0s party). (i) What is the interpretation of β1? (ii) In terms of the parameters, state the null hypothesis that a 1% increase in A0s expenditures is offset by a 1% increase in B0s expenditures
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Answer:
(b) 1/792
Step-by-step explanation:
The complete question is;
<em>Counting: Grading One professor grades homework by randomly choosing 5 out of 12 homework problems to grade.</em>
<em>(a) How many different groups of 5 problems can be chosen from the 12</em>
<em>problems?</em>
<em>(b)Probability extension: Jerry did only 5 problems of one assignment. What is the probability that the problems he did comprised the group that was selected to be graded?</em>
<u>In (a)</u>
<u></u>
Apply the formula
where n=12 and r=5
substitute values
In (b)
If Jerry did only 5 problems of one assignment then the probability will be
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