Evaluate the following statements: a. The smaller the standard error of the estimate, S b , the
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Evaluate the following statements:
a. “The smaller the standard error of the estimate, Sb̂, the more accurate the parameter estimate.”
b. “If b̂ is an unbiased estimate of b, then b̂ equals b.”
c. “The more precise the estimate of b̂ (i.e., the smaller the standard error of b̂), the higher the t-ratio.”
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a This is false Even if b has a small standard error it can still be biased Think of a dartboardS b ...View the full answer
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Keith Barnatchez
Coming from a family of teachers -- my mom teaches kindergarten and my father taught high school students -- I have always enjoyed the challenge of teaching, especially concepts in math, statistics and economics. For a long time, I struggled with math concepts. While still in high school I was ready to give up on the subject entirely, until taking a precalculus course with a phenomenal instructor who completely changed my outlook. Since then, I have sought out challenging courses in mathematics and statistics, as well as opportunities to help students struggling with these subjects.
While studying at Colby, where I ran track and majored in mathematical economics and statistics, I was able to work as a teaching assistant for numerous courses, including introductory statistics, Calculus I, and macroeconomic theory. A major part of my job in all of these courses was holding office hours, I would meet with students to go over challenging course concepts and discuss methods for solving problems on their assignments. When teaching, I try to put myself in the perspective of the student learning the material for the first time: there are many steps and "tricks" commonly used in quantitative courses that are not intuitive, yet often breezed over by instructors. I try to go over these steps in great detail, while also keeping the bigger picture of the overall problem and its applications in context.
Since graduating from Colby, I have been working as an economics research assistant. I feel very fortunate that I'm able to use the quantitative and computational skills I developed as a student in my work every, and I'm excited to be able to work with students as a tutor to help them develop similar skills!
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Related Book For 
Managerial Economics Foundations of Business Analysis and Strategy
ISBN: 978-0078021909
12th edition
Authors: Christopher Thomas, S. Charles Maurice
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