Economics 2122A/B Lecture : 398_39_solutions-instructor-manual_Review_Chapter.pdf

• School: Western University
• Department: Economics
• Course: Economics 2122A/B
• Professor: Terry Biggs

Document Summary

Often the problems experienced by students with econometrics have nothing to do with econometrics as such but arise as a consequence of gaps in the understanding of the statistical infrastructure. The function of the present chapter is not to attempt to serve as a substitute for a statistics course, which should be a non-negotiable prerequisite. Its aim is to provide an opportunity to ensure that students are really up to speed on concepts such as unbiasedness, efficiency, and consistency, particularly the latter since asymptotics are often neglected in standard statistics courses. R. 1 a random variable x is defined to be the difference between the higher value and the lower value when two dice are thrown. If they have the same value, x is defined to be zero. Answer: the tables show the 36 possible outcomes and the corresponding probability distribution. red green.