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I am Lyosha [343]
3 years ago
5

Heidi runs a multiple regression for the output of cheese curds by using the daily temperature and the consumption of sweet clov

er. The intercept term is 23, the slope coefficient for the daily temperature is 1.5 and the slope coefficient for the consumption of sweet clover is 0. Which of these conclusions is most appropriate?
A) Heidi should collect more data.B) The most important term in Heidi's model is the intercept.C) As the daily temperature rises, the intercept term probably decreases.D) Heidi should drop the sweet clover term from her model.
Business
1 answer:
Furkat [3]3 years ago
4 0

Answer:

D is the appropriate conclusion.

D) Heidi should drop the sweet clover term from her model.

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Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the pric
raketka [301]

Answer:

c. 0.25

Explanation:

Cross-price elasticity = [(Q2-Q1/)((Q1-Q2)/2) * 100] / [(P2-P1/)((P1-P2)/2) * 100]

Cross-price elasticity = [(65-55)/((65+55)/2)*100] / [(2-1)/((1+2)/2)*100]

Cross-price elasticity = 16.6667/66.6667

Cross-price elasticity = 0.25000037

Cross-price elasticity = 0.25

8 0
2 years ago
Suppose that a 10 percent increase in the physical capital stock increases GDP by 10 percent. Nowconsider an additional 10 perce
Artyom0805 [142]

Answer:

B. Less than 10%

Explanation:

An addition increase by 10 % in the physical capital stock (which is a factor of production consisting of man made goods like machineries and so on) will lead to a less than 10% increase in the Gross domestic product. This is due to the law of diminishing marginal utility which talks about the consumption increases marginal utility from each additional unit declines. Thus, the more the physical capital stock increases, the GDP will increase at a decreasing rate.

7 0
3 years ago
A golf course is mostly likely to be closed on what day of the week?
nikklg [1K]
Hi!

The day of the week a golf course is mostly likely to be closed on is Monday. =)
8 0
3 years ago
Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha
garri49 [273]

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

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August               $40,000             $16,000

September        $36,000             $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases  = 0.60 x $ 40,000 + 0.40 x $ 36,000

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5 0
2 years ago
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wariber [46]

Answer:

Using

F=P(1+i)^n equation

we will have

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P=5511 million

F=23424 million

7 0
3 years ago
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