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- Create log(u^2 ) by first squaring the OLS residuals and then taking the natural log.A sports shop selects a random sample and records the sales of items made in China and thosemade in America. Country of origin n mean St.Deviation China 50 22.5 9.75 America 33 33.15 11.6 What is the SE Mean for the sales from China?the answer to this question is Q2.21= 8% but we just need to find how we get that answer for theses questions please help
- Your friend - an artist - has asked you to help her determine how many paintings sized 50x150cm she should paint for sale. She's deciding between one, two, three, or four paintings. Your friend sells the paintings for 300 monetary units each. She spends 8 hours on each painting (1 hour of work = 15 monetary units). Additionally, each painting incurs an extra cost of 40 monetary units (for canvas, backing, paints, brushes, sprays). Based on past data, you estimate that with a probability of 0.2, there will be no potential buyers; with a probability of 0.2, there will be one potential buyer; with a probability of 0.2, there will be two potential buyers; with a probability of 0.3, there will be three potential buyers; with a probability of 0.1, there will be four potential buyers. Assume that if there are fewer paintings produced than potential buyers, some (randomly selected) potential buyers will remain without a painting; otherwise, all potential buyers will purchase exactly one…DO NOT USE LAGRANGIANam. 273.