Instruction 13 -Referring to Instruction 13

question 66

Short Answer

Instruction 13.33
An econometrician is interested in evaluating the relation of demand for building materials to mortgage rates in Sydney and Melbourne. He believes that the appropriate model is
$\begin{array}{l}Y = 10 + 5 X _ { 1 } + 8 X _ { 2 }\\\\\text { where } \begin{aligned}X _ { 1 } & = \text { mortgage rate in } \% \\X _ { 2 } & = 1 \text { if Sydney, } 0 \text { if Melbourne } \\Y & = \text { demand in } \$ 100 \text { per capita }\end{aligned}\end{array}$
-Referring to Instruction 13.33,the predicted demand in Melbourne when the mortgage rate is 8% is ___________ per capita.

---

Definitions:

Cardinality

In database design, refers to the uniqueness and relationships in data modeling, indicating the number of associations between entities.

Entity

In the context of databases and data modeling, an entity is a thing or object of interest for which data is stored, such as a person, place, item, or event.

Mesh Network

A network topology in which devices are interconnected in a non-hierarchical manner, allowing for direct, dynamic communication between nodes.

Personal Area

Refers to a space, often in the context of Personal Area Networks (PANs), that surrounds a person with the capability to connect and communicate wirelessly with various devices.