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Ray Of Light [21]
4 years ago
15

A European used car dealer built a multiple linear regression model to predict the resale price of a used car based on its condi

tions and features. The model with estimated coefficients is:
Descriptions of the variables in the model:

a. Price: Offer price in Euros
b. Age: Age in months as of August 2004
c. Weight: Weight in kilograms
d. HP: Horsepower
e. KM: Cumulative kilometers on odometer
f. Quarterly_Tax: Quarterly road tax in Euros
g. Fuel_Type: Fuel type (Petrol, Diesel, CNG)

Interpret the meaning of coefficient ( 16.44) of variable Quarterly_Tax.
Business
1 answer:
Alexeev081 [22]4 years ago
8 0

Answer:

It means that one Euro increase in Quarterly road tax will lead to a 16.44 Euros increase in the Offer price. Or, one Euro decrease in Quarterly road tax will lead to a 16.44 Euros increase in the Offer price.

Explanation:

Using a0 represent the intercept, a1 to a6 to represent the coefficient, and u to represent the coefficient, the estimated multiple linear regression model can be presented as follows:

Price = a0 + a1(Age) + a2(Weight) + a3(HP) + a4(KM) + a5(Quarterly_Tax) + a6(Fuel_Type) + u

In the model, the coefficient of all the independent variables are assumed to be positive.

Given that a5 = 16.44, it means that one Euro increase in Quarterly road tax will lead to a 16.44 Euros increase in the Offer price. Or, one Euro decrease in Quarterly road tax will lead to a 16.44 Euros increase in the Offer price.

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When individual investors become aware of overseas investment opportunities and are willing to diversify their portfolios intern
kvv77 [185]

Answer:

b. They benefit from an expanded opportunity set.

Explanation:

Recently, financial market have become highly integrated, which help investor  to diversify their portfolios internationally.

International portfolio help the investor to focus on foreign market´s securities to invest, it add exposure of portfolio to the growing and developed market. As firm is going global to expand opportunity set, so that it can earn more benefit out of diversified market, similarly, investor are going global by diversifying their investment opportunity.

7 0
3 years ago
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Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 94,000 jet skis. Finished goods inventor
slega [8]

Answer:

1. 103,600 jet skis

2. $227,920,000

Explanation:

1. Allyson Ashley's total units sold is computed as follows;

Beginning balance            16,800

<u>Add: Units manufactured 94,000</u>

Total available units         110,800

<u>Less: Ending balance          7,200</u>

TOTAL UNITS SOLD        103,600

*It is simply adding Beginning balance with the units manufactured during the period to get the total units available for sale, then deduct the Ending inventory from the total available units for sale to get the total units sold.

2. Cost of Goods Sold is computed by multiplying total units sod by the unit product cost.

103,600 x $2,200 = $227,920,000

6 0
3 years ago
Which of the following is an advantage of a partnership?
sergejj [24]

Answer:

B

Explanation:

as if u share a business then the time and management is also shared

hope this helps

i would appreciate it if u can heart and like my answer and maybe even give it 5 stars or brainliest

6 0
3 years ago
Severus Co. has to pay 5 million Canadian dollars for supplies it recently received from Canada. Today, the Canadian dollar has
Artist 52 [7]

Answer:

Based on this information, the Canadian dollar is expected to <u>DEPRECIATE BY 0.8%</u> tomorrow, and Severus would prefer to make payment <u>TOMORROW</u>.​

Explanation:

Since the Canadian dollar tends to depreciate by 40% after it appreciates more than 1% against the US dollar, we can calculate the expected depreciation:

expected depreciation = 2% x 40% = 0.8%

Since Severus expects that the Canadian dollar will depreciate tomorrow by 0.8%, it will wait until then to pay its debt.

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4 years ago
In which example of corruption under president grant did the union pacific railroad use government money to make money from its
masya89 [10]
The correct answer is credit mobilier

7 0
3 years ago
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