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Ray Of Light [21]
3 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]3 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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Answer:assets

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Answer: Check attachment

Explanation:

In the attachment, note that:

On July 14:

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Check attachment for further explanation.

7 0
3 years ago
Of the 200 employees at Company A, 70 work part-time and the rest work full-time. If 140 of the employees like their jobs and 10
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130 full time workers like there job
4 0
3 years ago
You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo
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Answer:

Second National  Bank

Present value (PV) = $5,400

Future value (FV) = $13,900

Interest rate (r) = 10% = 0.10

FV = PV(1 + r)n

$13,900 = $5,400(1 + 0.10)n    

<u>$13,900</u> = (1.10)n

$5,400            

2.574074074 = (1.10)n

Log 2.574074074 = n  log 1.10

<u>Log 2.574074074</u> = n  

Log 1.10                  

n =  9.9 years      

None of the answers is correct                                                                                                                                                          

Explanation:

In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with  the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied                     by 1 plus interest rate, raised to power number of years.                                                                                                                                                                                                        

8 0
3 years ago
A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. The company has 22,000 share
lutik1710 [3]

Answer:

$18,150

Explanation:

Calculation for the total amount of the cash dividend

Since A company's board of directors  has votes to declare the  cash dividend of $1.10 per share of common stock, this means we have to multiply the cash dividend per  share of common stock by the shares outstanding which is $16,500

Using this formula

Cash dividend per share of common stock * Shares outstanding

Let Plug in the formula

$1.10*16,500

=$18,150

Therefore the total amount of the cash dividend  will be $18,150

5 0
3 years ago
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