Other Economics Answers

■ Show the effect of the following transactions of Montagu Stores on the Accounting equation. Use

“+” to denote an increase, “–” to denote a decrease and “0” to denote no change to the elements of

the equation. Copy the table in your answer book and follow the example given.

■ Assume that the bank balance is favorable at all times. (10)

Transactions

2.1.1 Received rent from the tenant, R3 000.

2.1.2 Received an account from Telstar Motors for motor vehicle repairs, R2 000.

2.1.3 Issued a cheque to Makro Suppliers for equipment purchased, R10 000.

2.1.4 Issued a receipt to the proprietor who increased her capital contribution by R200 000.

2.1.5 Received R1 000 from a debtor who settled his account.

The Big Nine's Artificial Intelligence systems by Google, Microsoft, Amazon, Facebook, IBM, Apple, Baidu, Alibaba, and Tencent are increasingly accessing our real-world data to build products that show commercial value. List down the risks that involved in implementing of such a system which can learn from human interaction, emotions, and behavior. Identify the goals that these companies want to achieve from the implementation of Al technologies? What is the acceptable level of evolution of A.I. at which people will be willing to compromise for data collection?

What are dummy variables? What is their importance in regressing analysis?

Explain Cochrane-Orcut transformation so that no autocorrelation is present?

Discuss nature of Multi-collinearity. What are the remedial measures to alleviate problem of Multi-collinearity?

Explain the underlying ideas behind the logit model. Explain on what grounds logit model is an improvement over linear probability model?

A Poisson distribution with mean of 0.60 is a: a. symmetrical distribution. b. normal distribution. c. negatively skewed distribution (skewed to the left). d. positively skewed distribution (skewed to the right). e. binomial distribution. f. t-distribution.