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Hitman42 [59]
3 years ago
8

An economist conducted a study of the possible association between weekly income and weekly grocery expenditures. The particular

interest was whether higher income would result in shoppers spending more on groceries. A random sample of shoppers at a local supermarket was obtained, and a questionnaire was administered asking about the weekly income of the shopper’s family and the grocery bill for that week. The gender of the shopper was also obtained. The least squares line had a slope of 0.079 . The average amount by which the grocery bill increases for an increase of $100 per week is given by:a. $7.9 .b. The answer cannot be determined from the information provided.c. $0.079 .d. $10.0 .
Business
1 answer:
krek1111 [17]3 years ago
4 0

The answer cannot be determined from the information provided.

Answer: Option B.

<u>Explanation:</u>

A linear regression line has an equation in the form Y = a + bX, where X stands for the explanatory variable and Y is used to denote the dependent variable in the equation. The slope of the line is b, and a is the intercept (the value of y when x = 0).

A regression line (LSRL - Least Squares Regression Line) is a straight line that explains how a dependent variable y changes as an explanatory variable x changes. The line is a mathematical model used to predict the value of y for a given x. Regression requires that we have an explanatory and response variable.

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Which of the following taxpayers may not use the standard mileage method of calculating transportation costs? a. A self-employed
frozen [14]

Answer:

The correct answer is (E)

Explanation:

A standard method of calculating transportation cost is used to maintain equality among organisations. This method is applied to all the workers and government employees, but it has some rules and regulations. If an employee for example attorney is using his vehicle for calling on clients is fine as long as the car average fuel consumption is standard. For example, if an attorney used his Tesla for calling on clients is not a standard way which is why transportation cost will not be calculated by the standard mileage method.

4 0
3 years ago
The distribution of a percentage of a firm's profits among its employees is called?
igomit [66]

Employee Benefit refers to the division of a company's profits among its workers.

Employee perks, also known as fringe benefits, perquisites, or perks, refer to various forms of non-wage remuneration given to employees in addition to their regular earnings or salaries. Employee perks, particularly in British English, also refer to rewards in kind.

Salary packaging or salary exchange arrangements are situations where an employee trades in (cash) compensation for another type of perk. The majority of employee benefits are at least partially taxable in most nations. Housing (provided by the employer or paid for by the employer), furnished or not, with or without utilities free, group insurance (health, dental, life, etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, and paid vacation are some examples of these benefits.

Learn more about Employee Benefit here.

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6 0
1 year ago
Kirkaid Company recorded the following transactions for the just completed month:
Illusion [34]

Answer:

The correct answer is $5,000.

Explanation:

According to the scenario, the given data are as follows:

Total raw material = $118,000

Direct material = $89,000

So, Indirect material = Total raw material - Direct material = $118,000 - $89,000

= $29,000

Total labor = $142,000

Direct labor = $122,000

So, Indirect labor = Total labor - Direct labor = $142,000 - $122,000

= $20,000

Additional actual manufacturing OH = $214,000

Applied manufacturing OH = $268,000

So, we can calculate the underapplied or overapplied overhead for the month by using following formula:

Underapplied or overapplied overhead = Applied manufacturing OH - Actual OH

= $268,000 - ( $29,000 + $20,000 + $214,000)

= $268,000 - $263,000

= $5,000

Hence, the overapplied overhead is $5,000.

6 0
3 years ago
Sarah Gray wants to invest a certain sum of money at the end of each year for five years. The investment will earn 4% compounded
guajiro [1.7K]

Answer:

How should she compute her required annual investment?

$ 36.987  

Explanation:

With the present value formula we can calculate how she has to invest today to get $45,000 at the end of the 5 years, with a compounded rate of 4%.

Principal Present Value  =  F /  (1 + r)^t  

In this case we have the future value and we need to find the present value that we have to invest to get the money expected.

Principal Present Value  =  45,000 /  (1 + 4%)^5 = $36,987  

If we invest today $36,987, with a compounded interest rate of 4% we get at the end of the period, 5 years, the total sum of $45,000.

5 0
3 years ago
Suppose you deposit ​$2 comma 0002,000 cash into your checking account. by how much will checking deposits in the banking system
Mamont248 [21]
Money is any item that serves as a medium of exchange for goods and services.
3 0
3 years ago
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