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seropon [69]
4 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]4 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.

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You just received a $5,000 gift from your grandmother which you have decided to save and then gift to your grandchildren 50 year
svetlana [45]

Answer: Difference = $185,948.5 - $147,285. = $38,663.5

Explanation:

To calculate the future value,  you have to use the formula

fv = PA (1 + r/100)ⁿ

where

FV = future value

PA = Present Amount

r = rate

n = number of years

calculating for the future value if you earn a percent of 7.5 =

fv = 5,000 (1 + 0.075) ⁵⁰

fv = 5,000 ( 1.075)⁵⁰

fv = 5,000 (37.1897)

fv = 185,948.5  

calculating the Fv when the rate is 7%

fv = 5,000 (1 + 0.070) ⁵⁰

fv = 5,000 ( 1.070)⁵⁰

fv = 5,000 (29.4570)

fv = 147,285

Then find the difference between the Fv when the rate is 7.5 and when the rate is 7

Therefore difference = $185,948.5 - $147,285. = $38,663.5

6 0
4 years ago
True or False?
LiRa [457]
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How do you find what number to multiply/divide to find equivalent fractions??? The only strategy i know if cross multiplication
algol13

Well, first find a number that both denominators in the fraction share, then you multiply whatever number it takes to get that and then multiply the same number to the numerator. Hope this helps!
5 0
3 years ago
Read 2 more answers
On December 31, 2020, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative
Allushta [10]

Solution:

Numerator (Basic EPS): Net income = $900 million;

Preferred  dividends = $27 million (9% x $100 = $9/share x 3 million;

Since  the preferred stock is cumulative, the dividend is deducted whether  or not paid)

Denominator (Basic EPS): Weighted average # shares of common stock outstanding

1/1 – 12/31 => 540 x (12/12) =>  540 x 1.05 = 567

3/1 – 12/31 =>  (24) x (10/12) = (20)  x 1.05 = 21

10/1 – 12/31 => 4 x (3/12) = 1

= 567 - 21 - 1 = 547

Weighted average # shares 190

Basic EPS = ( $900 -  $27 ) ÷ $547

                = $873 ÷ $547 = 1.59

4 0
3 years ago
The purpose of a SWOT analysis is to ___.
astra-53 [7]

Answer: e. formulate goals and objectives for a company.

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