Answer:
(a). For every additional square foot of area of a house, the price is predicted to increase by $61
(b) The asking price is $145410 and the residual is a negative $4100
Explanation:
As per the data given in the question,
a) From regression equation Slope = 0.061
So slope = (0.061 × 1,000) ÷ 1 sq. ft.
= $61 per sq. ft.
For every additional square foot area price is increased by $61
b) If size of the house is = 1600 square foot then
Price = 47.81 + 1600*0.061
=$145,410
The asked price is $4,100 less than estimated price and residual is not positive
Hence,
Asking price = $145,410
Residual price = a negative $4,100
Answer:
$19.9
Explanation:
According to the given situation the computation of pre-tax net profit is shown below:-
Net pre-tax profit = Option exercised per share + Actual stock price at the end + Profit - Option premium
= $85 + $60 + $25 - $5.10
= $19.9
Therefore for computing the pre-tax net profit we simply applied the above formulas.
The liabilities will be understated.
Answer:
The answer is $862.35
Explanation:
Explanation:
This is a semiannual paying coupon, meaning interest are paid twice in year.
N(Number of periods) = 30periods ( 15 years x 2)
I/Y(Yield to maturity) = 6 percent
PV(present value or market price) = ?
PMT( coupon payment) = $50
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 30; I/Y = 6; PMT = 50; FV= $1,000; CPT PV= -862.35
Therefore, the market price of the bond is $862.35.
