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07 Oct 2023, 08:12
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E-mail from Economics Department Chair to Graduate Coordinator January 23, 10:02 A.M.
Last month I visited with our econometrics instructor to discuss the possibility of offering a new course on spatial econometrics. Two weeks ago, we decided to open the course to both graduate and undergraduate students. The dean of the college said that he will not open the course unless at least 15 students sign up by February 1. Do we need to offer extra points or other incentives for students to sign up?
Last month I visited with our econometrics instructor to discuss the possibility of offering a new course on spatial econometrics. Two weeks ago, we decided to open the course to both graduate and undergraduate students. The dean of the college said that he will not open the course unless at least 15 students sign up by February 1. Do we need to offer extra points or other incentives for students to sign up?
The economics department will offer a course in spatial econometrics if more than 14 students sign up for the course.: Yes
The economics department cannot spend more than $800 on Eviews software unless more than 10 students sign up for the course.: No
The graduate coordinator believes that the economics department will be able to open the course.: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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Question Stats:
70% (02:22) correct
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1. Consider each of the following statements. Does the information in the three sources support the inference as stated?
| Yes | No | |
| The economics department will offer a course in spatial econometrics if more than 14 students sign up for the course. | ||
| The economics department cannot spend more than $800 on Eviews software unless more than 10 students sign up for the course. | ||
| The graduate coordinator believes that the economics department will be able to open the course. |
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Official Answer
The economics department will offer a course in spatial econometrics if more than 14 students sign up for the course.: Yes
The economics department cannot spend more than $800 on Eviews software unless more than 10 students sign up for the course.: No
The graduate coordinator believes that the economics department will be able to open the course.: Yes
Data Insights (DI) Quiz-II 2023 [Question #4, Date: Oct-07-2023] [Click here for Details]
Show SpoilerAdditional Statement
The dean of the college will not open the course in spatial econometrics if more than 25 students sign up.
07 Oct 2023, 10:23
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1. More than 14 is same as at least 15 so we need those many signups
2. The budget is not applicable if <10 students join since the course will not start
3. True, graduate coordinator is optimist as ne week is left and 3 sign ups are pending
2. The budget is not applicable if <10 students join since the course will not start
3. True, graduate coordinator is optimist as ne week is left and 3 sign ups are pending
08 Oct 2023, 01:23
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Part 1: The economics department will offer a course in spatial econometrics if more than 14 students sign up for the course.
From Email #1: "The dean of the college said that he will not open the course unless at least 15 students sign up by February 1."
i.e. the minimum number of students needed to open the course is 15.
The question statement says "The economics department will offer a course in spatial econometrics if more than 14 students sign up for the course."
As, number of students will be a non negative integer, more than 14 students sign up = 15 students.
This is explicitly mentioned in Email #1.
Hence, the answer is Yes.
Part 2: The economics department cannot spend more than $800 on Eviews software unless more than 10 students sign up for the course.
From Email #3: "The budget for software is somewhat flexible. However, it is not to exceed $1,000 under any circumstances."
As stated in Email #3 there is no minimum threshold of student sign ups to spend more than $800.
Hence, the answer is No.
Part 3: The graduate coordinator believes that the economics department will be able to open the course.
From Email #1: "The dean of the college said that he will not open the course unless at least 15 students sign up by February 1."
From Email #2: "In fact, there is a good chance that we will have more than 15 students in the course by the deadline."
Combining the above two statements we can definitely say that the graduate coordinator believes that the economics department will be able to open the course.
Hence, the answer is Yes.
From Email #1: "The dean of the college said that he will not open the course unless at least 15 students sign up by February 1."
i.e. the minimum number of students needed to open the course is 15.
The question statement says "The economics department will offer a course in spatial econometrics if more than 14 students sign up for the course."
As, number of students will be a non negative integer, more than 14 students sign up = 15 students.
This is explicitly mentioned in Email #1.
Hence, the answer is Yes.
Part 2: The economics department cannot spend more than $800 on Eviews software unless more than 10 students sign up for the course.
From Email #3: "The budget for software is somewhat flexible. However, it is not to exceed $1,000 under any circumstances."
As stated in Email #3 there is no minimum threshold of student sign ups to spend more than $800.
Hence, the answer is No.
Part 3: The graduate coordinator believes that the economics department will be able to open the course.
From Email #1: "The dean of the college said that he will not open the course unless at least 15 students sign up by February 1."
From Email #2: "In fact, there is a good chance that we will have more than 15 students in the course by the deadline."
Combining the above two statements we can definitely say that the graduate coordinator believes that the economics department will be able to open the course.
Hence, the answer is Yes.
