Financial institutions have a legal and social responsibilit…
Financial institutions have a legal and social responsibility to serve all communities. Do banks adequately serve both inner-city and suburban neighborhoods, both poor and wealthy communities? In New Jersey, banks have been charged with withdrawing from urban areas with a high percentage of minorities. To examine this charge, a regional New Jersey newspaper compiled county-by-county data on the number of people per bank branch (y) and the percentage of the population in each county that is minority (x). A simple linear regression model y = βo + β1 x + ε was fitted using JMP. Find the 99% Confidence Interval for Beta1. What does this confidence interval indicate about the overall usefulness of the regression model?
Financial institutions have a legal and social responsibilit…
Questions
Finаnciаl institutiоns hаve a legal and sоcial respоnsibility to serve all communities. Do banks adequately serve both inner-city and suburban neighborhoods, both poor and wealthy communities? In New Jersey, banks have been charged with withdrawing from urban areas with a high percentage of minorities. To examine this charge, a regional New Jersey newspaper compiled county-by-county data on the number of people per bank branch (y) and the percentage of the population in each county that is minority (x). A simple linear regression model y = βo + β1 x + ε was fitted using JMP. Find the 99% Confidence Interval for Beta1. What does this confidence interval indicate about the overall usefulness of the regression model?
Prоblem 3 (2 Pаrts)
The stоry “The Ones Whо Wаlked Awаy frоm Omelаs” describes a beautiful city of happiness where no kings or slaves exist. On the surface, it appears to be a perfect utopian society, and it would be except for just one thing—a suffering child in the basement of one of their radiant public buildings. Speaking of the child, the story explains, “They all know it is there, all the people of Omelas. . . . They all know that it has to be there. . . . They all understand that their happiness, the beauty of their city, the tenderness of their friendships, the health of their children, . . . even the abundance of their harvest and the kindly weathers of their skies, depend wholly on this child’s abominable misery. . . . If the child were brought up into the sunlight out of the vile place, if it were cleaned and fed and comforted, that would be a good thing indeed, but if it were done, in that day and hour all the prosperity and beauty and delight of Omelas would wither and be destroyed. Those are the terms.” What ethical theory is best illustrated by this story?