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The next two questions refer to the following information.   A textile company has installed air conditioners in some of its buildings, but not others. It is considering installing air conditions in the remaining facilities, and wants to see how air conditioning affects output. You therefore conduct a difference-in-differences analysis, using data from facilities that do and do not have air conditions, before and after air conditioning installation. The plot below shows output per facility over time, for each group.   

You are analyzing a clustered experiment. You have data on customers in different stores. Stores were the units of randomization, that is, stores were randomly assigned to treatment or control. If you analyze customer level data, what is the consequence of clustering?

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Which of the following best satisfies the principle of informed consent?

What is attrition

A retail company notices a strong positive correlation between the number of loyalty program members and overall store revenue. For interpreting this correlation as the effect of loyalty program membership on revenue, which of the following would be a confounding factor?

Consider the following figure from an event study. To estimate the event study, a researcher fit a trend line from before and after the event, and estimated the event study effect as the difference in predicted values. The estimate is -0.013. What would be a problem with this estimate?  

Describe the key concepts of the theory/approach that was most impactful to you and how you can apply it to a leadership role you hold or intend to hold. Be specific. (250-350 words maximum)

Describe each person by giving their nationality, profession, and an adjective you would use to describe them. Use words you know and use a different adjective for each person. Justin Bieber: Cristiano Ronaldo: Beyoncé: Marie Curie:

Thomas hired Greta, a therapist, to come to his house to treat his agoraphobia (fear of outdoors).  Greta asked Thomas if he would be willing to try hypnosis, and Thomas said yes.  Greta then hypnotized Thomas and told him to go outside and “enjoy the outdoors for five minutes,” instructing Thomas to keep track of time on his phone and to return when the five minutes were up.  Thomas returned five minutes later with a dog on a leash and said, “Good news! I found a dog; he’s mine now!”  Greta, concerned about where the dog came from, un-hypnotized Thomas.  Shortly thereafter, a police officer showed up at the door and arrested Thomas for stealing a neighbor’s dog.  Thomas had no recollection of stealing the dog and remembered nothing from when he was under hypnosis.  Thomas resides in an MPC jurisdiction and is charged with larceny, which in the jurisdiction is defined as “the taking and carrying away of personal property of another with the intent to permanently deprive.” Should Thomas be found guilty of larceny?