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icang [17]
3 years ago
10

A county real estate appraiser wants to develop a statistical model to predict the appraised value of houses in a section of the

county called East Meadow. One of the many variables thought to be an important predictor of appraised value is the number of rooms in the house. Consequently, the appraiser decided to fit the simple linear regression model:
Yhat = β0 + β1X

where Y = appraised value of the house (in $thousands) and X = number of rooms in the home. Using data collected for a sample of n = 74 houses in East Meadow, the following results were obtained:

Yhat = 74.80 + 19. 70X



Range of the x-values: 5 - 11

Range of the y-values: 160 - 300

Give a practical interpretation of the estimate of the slope of the least squares regression line.

A)For a house with 0 rooms, we estimate the appraised value to be $74,800.

B)For each additional room in the house, we estimate the appraised value to increase $74,800.

C)For each additional dollar of appraised value, we estimate the number of rooms in the house to increase by 19.70 rooms.

D)For each additional room in the house, we estimate the appraised value to increase $ 19, 700.
Business
1 answer:
almond37 [142]3 years ago
5 0
Approximately about a minimum of log and cosine
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Gekata [30.6K]
These results are evidence of "<span>the endowment effect".</span>

The endowment effect<span>, in behavioral finance<span>, portrays a situation in which an individual qualities something that they officially possess more than something that they don't yet claim. Studies have indicated over and again that individuals will esteem something that they effectively claim more to a comparable thing they don't possess. It doesn't make a difference if the thing being referred to was bought or gotten as a gift, the impact still stays.</span></span>

5 0
3 years ago
The East Asian financial crisis of the 1990s: Showed how trade partners are unreliable Made countries stop investing in China si
FromTheMoon [43]

Answer:

The East Asian Financial Crisis of the 1990s:

Was associated with moral hazard and fixed exchange rates.

Explanation:

The countries which suffered adverse distress from the financial crisis were Indonesia, South Korea, and Thailand.  The financial meltdown followed the collapse of the hot money bubble, whereby high interest rates and fixed foreign exchange rates were pegged to the U.S. dollars by these mostly exporting countries.  The practice largely favored these Asian exporters until the bubble burst, starting from July of 1997.  And the consequences and lessons now remain Economics and History topics.

7 0
3 years ago
Pierre wants to use the loan manager to track the long-term liability for his new pickup truck. what accounts must he set up pri
dusya [7]

To track the long-term liability for his new pickup truck Pierre has to set up a long-term liability account register.  

A long-term liability account register lists transactions related to debts that are due in more than one year like a mortgage. . Long-term liabilities are also known as non-current liabilities You can use a long-term liability account register to track and manage transactions that affect your long-term liability account.

In a long-term liability account register Debt ratios (such as solvency ratios) compare liabilities to assets. The ratios may be modified to compare the total assets to long-term liabilities only.

This ratio is called long-term debt to assets. Long-term debt compared to total equity provides insight relating to a financing structure and financial leverage. Long-term debt compared to current liabilities also provides insight regarding the debt structure.

TO learn more about long-term liability account register here

brainly.com/question/23040788?referrer

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5 0
1 year ago
An index model regression applied to past monthly returns in Ford’s stock price produces the following estimates, which are beli
Neko [114]

Answer:

(1.32%)

Explanation:

The computation of the abnormal change in Ford’s stock price is shown below:

Given that

rF = 0.1% + 1.1rM

If the market index rises by 10.2%

So, now the equation is

= 0.1% + 1.1 × 10.2%

= 0.1% + 11.22%

= 11.32%

And, the stock price rises by 10%

So, now the abnormal change in Ford stock price is

= 10% - 11.32%

= (1.32%)

7 0
3 years ago
The amount of the estimated average income for a proposed investment of $60,000 in a fixed asset, giving effect to depreciation
valina [46]

Answer:

Estimated average income is $5,400

Explanation:

Proposed investment = $60,000

Depreciation = Straight-line method

Useful life = 4 years

Expected total income yield = $21,600

To find average investment, we divide the income by the useful life of the investment.

Therefore, estimated average income = $21,600 ÷ 4 = $5,400

3 0
3 years ago
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