University of California, Davis Professor Shu Shen Department of Economics Spring Quarter 2017 Economics 102, PROBLEM SET 2 Due on April 25L11 Keep answers as brief as possible, and include key Stata output (charts and descriptive statistics) with your answers. Be sure to label your charts clearly, and to indicate which question each chart is intended to answer. Do N OT print out the data when turning in your problem set! 1. Sample Mean: Reader chapter 5, question 4 2. Unbiasedness and Consistency: Reader Chapter 5.10, question 14 (a)-(b) 3. The tdistribution. Use the Stata functions \"ttail\" and \"invttail\" to answer the following questions. For each question, assume that the sample size or number of observations, n, is equal to 20. (The degrees of freedom of freedom for the t- distribution is 11-1.) P-value Pr[i';_1 >1.6] P-value Pr[i':k1 1.6] Critical value c such that Pr[Tn_1 > c] = 0.01 Critical value c such that Pr[Tn_1 c] = 0.01 P-PP'?\