The answer to this question is C, $5,790. Jeff will need $5,790.
Answer:
The predicted value of Revenue is $98.24.
Explanation:
The data provided is for the weekly gross revenue, the amount of television advertising and the amount of newspaper advertising.
Determine the regression equation developed to estimate the amount of weekly gross revenue based on television advertising using Excel.
Consider the Excel image for Summary Output for Weekly Revenue Vs. T.V. Adv.
The estimated regression equation with the amount of television advertising as the independent variable is:
<em>Revenue </em>= 89.31 + 1.27 <em>TVAdv</em>
Consider the Excel image for Summary Output for Weekly Revenue Vs. T.V. Adv. & News Adv.
The estimated regression equation with both television advertising and newspaper advertising as the independent variables is:
<em>Revenue </em>= 83.78 + 1.78 <em>TVAdv</em> + 1.47 <em>NewsAdv </em>
For TVAdv = $4.9 and NewsAdv = $3.9 predict the value of Revenue as follows:


Thus, the predicted value of Revenue is $98.24.
Answer:
The correct answer is: may have equal or increasing amounts applied to the principal from each loan payment.
Explanation:
Amortization can be defined as the process of spreading out the loan in monthly payments. An amortized loan has scheduled periodic payments for both interests as well as principal. If the payments for each period are equal it is called a fully amortized loan.
In amortized loans the interest is paid off first then the amount excess of interest reduces the principal. A common example of amortized loans is auto loans, home loans.
The payments for amortized loans can be equal or unequal for each period.