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25) (15 pts) Refer to Table 3 below to answer all questions that follow. The table summarizes the results of an empirical study comprising dozens
25) (15 pts) Refer to Table 3 below to answer all questions that follow. The table summarizes the results of an empirical study comprising dozens of countries and spanning several decades: a) Compare the estimated values for as the period of aggregation goes from a decade to a single year. What is the main conclusion supported by the point and interval estimates? Make sure to cite some of the key numbers in your answer (guideline: one or two sentences) b) Now compare the estimated values for in the two restricted samples. What is the main conclusion supported by the point and interval estimates? Make sure to cite some of the key numbers in your answer (guideline: one or two sentences) 25) (15 pts) Refer to Table 3 below to answer all questions that follow. The table summarizes the results of an empirical study comprising dozens of countries and spanning several decades: a) Compare the estimated values for as the period of aggregation goes from a decade to a single year. What is the main conclusion supported by the point and interval estimates? Make sure to cite some of the key numbers in your answer (guideline: one or two sentences) b) Now compare the estimated values for in the two restricted samples. What is the main conclusion supported by the point and interval estimates? Make sure to cite some of the key numbers in your answer (guideline: one or two sentences)
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