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Please explain the differences between Neoclassical Economics' Theory of Consumer Choice and Behavioral Economics' theory of human behavior. What are their main assumptions? You are

Please explain the differences between Neoclassical Economics' Theory of Consumer Choice and Behavioral Economics' theory of human behavior. What are their main assumptions?

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You are given the following data from two populations: MADEUPTOWN STANDARD POPULATION Sex Occupation Population Deaths Population Deaths Office worker 20,000 100 10.000 50 Male Manual worker 60,000 500 20,000 300 Other 20,000 250 20,000 500 Office worker 20,000 50 10.000 50 Female Manual worker 30,000 200 10,000 100 Other 50,000 900 30,000 500 Total 200,000 2,000 100,000 1,500 Calculate the directly standardised mortality rate for Madeuptown, standardising by, (a) occupation, (b) sex, and (c) occupation and sex.Five students have compared their scores in some practice papers that they sat before their exam. Their marks were as follows: Student 1 72, 75, 62, 71, 60, 59 Student 2 78, 82, 64, 72 Student 3 90, 78, 67, 71, 83 Student 4 80, 77, 76, 81, 64 Student 5 95. 88, 62 Consider the model: i = 1,2,3,4,5 j =1,2, ...,; e;; ~ N(0,02) where y;; is the score of the ith student on the / th practice paper and n; is the number of papers taken by student i. The ey are independent and identically distributed and Ent; =0. (i) Calculate the least squares estimates of / and r;, i = 1,2,3,4,5. (ii) Perform an analysis of variance on these results stating clearly the null hypothesis and your conclusion. (iii) Calculate a 95% confidence interval for the underlying common standard deviation for all students assuming that the null hypothesis holds true

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