Question
A person sells each package of snacks for Rs. 10 each.
On Monday, he sold 100 packages which was 25 more than that on Tuesday but 10 less than that on Wednesday. If he spends 76% of his income earned by selling snack packages on these 3 days, then find his saving in given 3 daysSolution
Number of packages of snack sold on Monday = 100 Number of packages of snack sold on Tuesday = 100 – 25 = 75 Number of packages of snack sold on Wednesday = 100 + 10 = 110 Therefore, his total income of 3 days = (100 + 75 + 110) × 10 = 285 × 10 = Rs. 2850 Therefore, savings of person in given 3 days = 0.24 × 2850 = Rs. 684
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 Endogeneity in regression arises when: