1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
seropon [69]
3 years ago
7

A regression analysis of 117 homes for sale produced the following​ model, where price is in thousands of dollars and size is in

square feet. ModifyingAbove Price with caretequals47.82plus0.064​(Size) ​a) Explain what the slope of the line says about housing prices and house size. ​b) What price would you predict for a 2500​-square-foot house in this​ market? ​c) A real estate agent shows a potential buyer a 1100​-square-foot ​house, saying that the asking price is ​$5500 less than what one would expect to pay for a house of this size. What is the asking​ price, and what is the ​$5500 ​called?
Business
1 answer:
andriy [413]3 years ago
4 0

Answer:

a) Price is linearly dependent on size of home

b) asking price= $110,570

$5500 is spread

Explanation:

Price = 47.87+0.062(size)

a) the equation follows y=mx+c or linear equation model

b) asking price is the offer price or the price the seller says he/she will accept for his/her property

Price= 47.87 +0.062(1100)

Price= 116.07 × 1000

Asking price= 116070-5500

                    = $110,570

5500 is the spread between asking prcce and bid price. It tells about the market maker's or agent's profit.

You might be interested in
Employer payroll taxes: Multiple Choice Represent the social security taxes withheld from employees. Are payable for up to a max
AlexFokin [52]

Answer:

Are added expenses beyond that for the wages and salaries earned by employees

Explanation:

The employer payroll taxes are the taxes which are to be computed as a percentage of the wages salaries earned by the employees. It is divided into two types - social security taxes i.e 6.2% and the medicare taxes 1.45%

And the journal entry is

Payroll tax expense A/c Dr XXXXX

To Social security tax A/c  XXXXX

To Medicate tax A/c  XXXXX

To State Unemployment tax payable  XXXXX

To Federal Unemployment tax payable XXXXX

(Being the payroll tax expense is recorded)

Moreover, it is an added expenses

6 0
3 years ago
Samson, Inc. reported the following information for the​ year: Service Revenue $ 50 comma 000 Operating Expenses 21 comma 500 Ne
hjlf

Answer:

$21.50

Explanation:

The net income is difference between the revenue and the operating expense incurred by the entity.

The unit cost per service is obtained by dividing the operating cost by the number of services provided.

Given that;

Operating expense = $21,500

Number of services provided = 10,000

The unit cost per​ service

= $21,500/10,000

= $21.50 (to the nearest cent)

6 0
3 years ago
The McDonaldization of society refers to the:
puteri [66]

Answer:

A)

Explanation:

obesity epidemic in American society increased uniformity and rationality of society

6 0
3 years ago
Match the jobs with the education requirements,
ki77a [65]
1) D
2) C
3) B
4) A
I think this is right if not sorry :)
8 0
3 years ago
What term represents the worldwide movement toward economic, financial, trade, and communications integration?
igomit [66]
I believe that the answer is globalization.
6 0
3 years ago
Read 2 more answers
Other questions:
  • A company issues a ten-year bond at par with a coupon rate of 6.5% paid semi-annually. The YTM at the beginning of the third yea
    7·1 answer
  • An authentication token is a(n):____________
    8·1 answer
  • As a business owner, you're responsible for making the decisions that pertain to the profitability of your business. This decisi
    15·1 answer
  • Perfect Plumbing Corporation currently manufactures a valve for use in water pumps that it produces for sale. The company is con
    8·1 answer
  • What is the difference between paper currency and coins?​
    9·2 answers
  • A person is mad at their roommate so out of spite they decide to intercept a credit card offer in the mail, and fill it out in t
    11·1 answer
  • What degree do you need for a cosmetologist
    10·1 answer
  • The general ledger of Sandhill Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 58000 Deposits
    10·1 answer
  • Duerr Company makes a $69,000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use
    11·1 answer
  • QUESTION 8 of 10: True or False: Freestanding locations have lots of direct competition
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!