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{"ops":[{"insert":"Problem 4\nSuppose the production(Y) is determined as a function of labour input in hours (L) and capital input in machine hours (K). Using the Cobb-Douglas function:\nY= \u03b20 + \u03b21K \u03b21 + ek\nWrite the procedure to estimate the coefficients of this function\nProblem 5\nShow that the test taking the overall significance of regression model using ANOVA table to be expressed as:\n\ud835\udc6d=\ud835\udc79\ud835\udfd0\ud835\udc8c\u2212\ud835\udfcf\u2044(\ud835\udfcf\u2212\ud835\udc79\ud835\udfd0)\ud835\udc8f\u2212\ud835\udc8c\u2044\nWhere, R be a level of determination and k is the number of parameters in the n sampled regression model.\n"}]}
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