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stealth61 [152]
3 years ago
9

The regression analysis at the bottom relates average annual per capita beef consumption (in pounds) and the independent variabl

es "annual per capita pork consumption" (in pounds) and "average annual beef price" (in dollars per pound). the coefficient for beef price, -12, tells us that:
Business
1 answer:
julsineya [31]3 years ago
3 0

The regression coefficient for beef price tells us that beef consumption will decrease by 12 pounds for a $1 increase in beef price.

A regression coefficient tells us the quantum and direction of change in the dependant variable for a unit change in the independent variable.

The question above deals with multiple regression. The formula for multiple regression is as follows:

Y = a + b₁X₁ + b₂X₂

In the above equation, b₁ and b₂ are regression coefficients.

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Answer:

c. can challenge the determination in court.

Explanation:

Ralph owns a forested land which he most likely purchased for the purpose of cutting timber. If the Department of the Interior has declared that a small fruitfly on his property is an endangered species and prevented the harvesting of trees, he can challenge this in court.

This is because the land is private property and the determination by the Department of the Interior will make the land useless to Ralph. Also the government only has the ability to enforce such directives on public property.

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3 years ago
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5 0
3 years ago
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6 0
4 years ago
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irina [24]
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8 0
4 years ago
In the EOQ model, the average inventory per cycle over many cycles is Q/2. A. True B. False
GuDViN [60]

Answer:

A. True

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When inventories are ordered, there will be continuous movement of inventory say from Q(order amount) to zero. This means that the average inventory is Q ÷ 2. Also, the inventory costs for each period is the same as average cost(Q/2) multiply by length of the period.

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