Instructions: Answer each part of every question in complete detail. If a questi

Economics

By Frank E. Cavitt

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Instructions:
Answer each part of every question in complete detail. If a question asks you to provide an explanation for your answer, make sure you provide a full explanation. You can receive partial credit on questions, so err on the side of more detail rather than less.
This first problem, as with every other problem set, will require you to use Excel’s Data Analysis Toolpak and copy the output you get into your submission document. A simple copy-paste will work just fine.
Submission Instructions:
All answers must be typed so that they can go through a Turnitin review process if needed. Your submitted assignment must be in either a word document (doc or docx) or pdf form, otherwise it is too difficult to leave comments and feedback, and it might be rejected by Turnitin. The problem set should also be labeled according to this format:  LastnamePSX. So, for example, if I were completing problem set 1 I would name my file PlaHovinsakPS1.