1. Wooldridge Econometrics Solutions

Solutions to Book Exercises - Woolridge - Introduction to Econometrics. Solution Manual 'Modern Econometrics ' - Answers Chapter 2.

The following table contains monthly housing expenditures for 10 families. Family Monthly Housing Expenditures (Dollars) 1 300 2 440 3 350 4 1,100 5 640 6 480 7 450 8 700 9 670 10 530 (i) Find the average monthly housing expenditure. (ii) Find the median monthly housing expenditure. (iii) If monthly housing expenditures were measured in hundreds of dollars, rather than in dollars, what would be the average and median expenditures? (iv) Suppose that family number 8 increases its monthly housing expenditure to $900 dollars, but the expenditures of all other families remain the same.

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Wooldridge Econometrics Solutions

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