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Refer to the information provided in Table 22.1 below to answer the question(s) that follow.
Table 22.1
A study to determine the effect that the weight of an average 6 ft. tall man has on the incidence of Type 2 diabetes was conducted in a small town. The six participants and their corresponding weights are listed in the table.
-Related to the Economics in Practice on p. 728: Refer to Table 22.1. When using regression discontinuity, if this study had a threshold of 200 pounds, the outcomes of which individuals would be compared?
Borrowing Money
The act of obtaining funds from a lender under the agreement to repay them, usually with interest, over a specified period.
Other Expenses
Non-operating expenses that do not relate to the main operating activities of the business; they appear in a separate section on the income statement. One example given in the text is Interest Expense, interest owed on money borrowed by the company.
Income Statement
A financial statement that shows a company's revenues, expenses, and net income over a specific period.
Supplies Used
The cost of consumables used in the operation of a business during an accounting period.
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