Let the Vertical Axis of a Figure Indicate the Average

question 12

Essay

Let the vertical axis of a figure indicate the average employment fast food restaurants. There are two time periods, t=1 and t=2 , where time period is measured on the horizontal axis. The following table presents average employment levels per restaurant for New Jersey (the treatment group) and Eastern Pennsylvania (the control group).
$\begin{array} { | l | c | c | } \hline & P A & N J \\\hline \begin{array} { l } \text { FTE Employment } \\\text { before }\end{array} & 23.33 & 20.44 \\\hline \begin{array} { l } \text { FTE Employment } \\\text { after }\end{array} & 21.17 & 21.03 \\\hline\end{array}$
Enter the four points in the figure and label them $\bar { Y } ^ { \text {treatment,before } } , \bar { Y } ^ { \text {treatment,after } } , \bar { Y } ^ { \text {cantrol,before } }$ and $\bar { Y } ^ { \text {control, after } }$ . Connect the points. Finally calculate and indicate the value for $\widehat { \beta } _ { 1 } ^ { \text {ditss-in-diffs } } .$

---

Definitions:

Co-payment

A payment model where the insured party pays a specified amount out-of-pocket for health services, with the insurance covering the remaining costs.

Wealth Creation

involves the generation of income, assets, and economic value through various means such as investment, entrepreneurship, and innovation, contributing to financial growth and prosperity.

Risk Averse

A preference for certain outcomes over others, even if the uncertain option may offer a higher expected return.

Probability

The evaluation of the chance of an event taking place, indicated by a number between 0 and 1.