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
Maru [420]
3 years ago
6

A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 * age +1300

*years education + 0.116 * household wealth.
a. Explain how to interpret the numbers in this model.
Business
1 answer:
Ann [662]3 years ago
6 0
We are given with the equation
<span>balance = -17,732 + 367 * age +1300 *years education + 0.116 * household wealth

</span>-17,732 is a constant amount credited from the savings acount
367 is the amount saved per year of age
1300 is the amount saved per year of education
0.116 is the amount save per household wealth
You might be interested in
Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company
Charra [1.4K]

Answer:

Owners have limited liability.

Explanation:

A corporation is an entity , established by shareholders or individuals with the aim of making profit. It is a legal entity hence can enter into a contract, can also sue and be sued.

The legal process involved in the establishment of corporation is called incorporation. It contains the main reason why the corporation is in business, name and office address, types and number of shares to be issued.

Because the business is incorporated and also a legal entity, it means that the owners are protected personally should their be any litigation against the corporation. Moreover, the liability of the owners are limited to the investment in the corporation.

6 0
3 years ago
What is a sercured loan
VARVARA [1.3K]

Answer:

Secured loan is as below

Explanation:

A secured loan is money that you borrow by offering an asset as collateral. The lender will hold on the asset until the full loan amount is paid back. A secured loan is a good option when borrowing a large amount of money.  It attracts low-interest rates.

Lenders consider secured loans less risky because the customer provides a valuable asset as a back-up should they fail to repay. Homes and land are the most common properties used as collateral for secured loans.

6 0
3 years ago
Rent control policies tend to cause
Savatey [412]

Answer:

The correct answer is d.  relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.

Explanation:

Rent control laws set limits on how much landlords can charge rent. The rent control laws specify:

  • What types of properties qualify for rent control.
  • How often rent limits can be adjusted.
  • How rent limits can be adjusted. Most rent control laws link increases in rental limits to an annual percentage of inflation in a local consumer price index.
  • The conditions when a property is "out of control."
  • Restrictions on the eviction of the tenant with rent control.

There are no federal rent control laws since the US Supreme Court. UU. He ruled that rent regulation is a state issue. Most states do not have rent control laws regulated. Only some cities and communities in some states continue to apply them.

In the United States, rent control laws were adopted during World War II when the country was experiencing a housing shortage. President Richard Nixon then passed the wage and price laws that influenced the modern rent control laws that are still being applied today. This is why most rent control laws usually apply to older properties built before 1980.

5 0
3 years ago
Jimmy is an employee of Roofing, Inc., which is performing a contract for the federal government. Jimmy learns that Roofing, Inc
Bas_tet [7]

Answer:

An exception based on public policy.

Explanation:

Employment at will according to the United States is a doctrine that permits the employer and employee to work together in an indefinite period of time, whereas they are able to terminate their contract with any necessary fair clause.

In many counties around the world, employers always look for reasons to terminate or stop their employees from working, whereas an exception based on public policy negate this doctrine.

6 0
2 years ago
As a contemporary manager, your employees will perceive that their opinions are more valued if:
sergij07 [2.7K]

The answer is this: employees would feel that their opinions matter if open communication is established between the manager and the employee by removing barriers to communication.

An example to this would be having brainstorming meetings where employees are free to give their ideas. Another option would be by eliminating the need to call the manager using suffixes such as Mr. or Dr.

3 0
3 years ago
Other questions:
  • You have a subordinate who performs best when he does things because he agrees with your ideas. What type of power should you us
    13·1 answer
  • An investment's time horizon affects the after-tax rate of return on investments taxed annually. true or false
    13·2 answers
  • Marcus is on a team to plan volunteer opportunities for employees in the company. His role is to handle public communications ab
    15·1 answer
  • Olive Inc., a chain of retail outlets, is converting its existing billing systems to a more robust online tool. In this process,
    9·1 answer
  • A recent innovation by Amazon, the Vendor Flex program, seeks to lower overall transportation costs but also creates new forms o
    8·1 answer
  • Look up the following words. Give the etymology of each. State what kind of term, such as mathematical, scientific, political sc
    6·1 answer
  • Janice is the sole owner of Catbird Company. In the current year, Catbird had operating income of $100,000, a long-term capital
    14·1 answer
  • The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash $60,000 Liabilities $80,000 Oth
    11·1 answer
  • Assuming noah made 6-month payments on its wood purchases from indonesia, what is the schedule of foreign currency amounts over
    9·1 answer
  • which among these is not a key skills in management .(a) technical skills (b) human skills (c) writing skills​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!