ERRATA in Textbook  (Click on the page number to see a mark up of the corrected page.)

 

Page number

Correction

 

 

171

In computer printout, the P-VALUE ON F should be 0.021.

178

a.  Computer printout must be replaced with new printout. 

b.    Estimated quadratic regression equation should be changed to read:  .

c.     The fourth sentence below the estimated regression equation should be changed as follows: “predicts that Y will be equal to 45 .”

179

a.        Equation in Figure 5.5 should read:

b.       In Figure 5.5, three values of Y should read as shown.

185

In Technical Problem 6, the P-VALUE ON F should be 0.0187.

186

In Technical Problem 7, the P-VALUE ON F should be 0.0106.

204

The equation for should read:  .

219

Change less than sign (<) to a greater than sign (>) in the MIDDLE of the page.  The corrected sentence should read, “At any combination on the budget line above point E, MRS > Px / Py and, hence, .

252

Second line, close up the subscript on .

 

272

Technical Problem 8a:  Change to :  “Are the signs of and as would be predicted theoretically?”

 

287

The first sentence in the first paragraph on page 287 should read:  “The t-ratio for the time variable, 12.49, exceeds…”

 

302

On the 8th line from the top of the page, change “know” to “known”.

 

304

In the middle of the page, the expression for should read:

Just below the middle of the page, the expression for  should read:

 

389

In problem 1c, change “30th” to “45th” and “120th” to “60th”.

 

391

In problem 7, “nex” should read “next”.

 

498

In the second equation on page 498, delete the extra “equal” sign to get:

586

Below equation for PVCosts of cheating the plus sign should be changed to a minus sign to read:

“where Cj = ”

603

In part d of question 4, at the top of the page, change “week” to “month”:

Suppose Beta discounts future benefits and costs at a rate of 30 percent per month.

 

725

In 13a, change “6P” to “10P”:

“So, ”

 

730

In part 9c, for , change the less than sign to a greater than sign:

 

734

In part 3a, change “2.744” to “2.750” five times and change “7.16” to “7.15” for the t-ratio on :

 

746

In part 6i, change “$2 million” to “$3 million”

 

 

 

Last updated August 6, 2002