A town has a population of 14,000 and grows 5% every year. What will be the population after 14 years, to the nearest whole numb
1 answer:
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Answer:
a)
b) The accountant should not question the voucher as the request is much higher than expected.
c) We can add the following variables
d) The percentage of variation in the trip cost that can be explained by the model = (0.64)^2 =0.4096 or 40.96%
A. Type of travel (air/car)
B. Gender of the executive (male/female)
The last option is not too important since we are analyzing the traveling executives not the type of business
Step-by-step explanation:
Part a
For this case we have the multiple regression model given by:
Where represent the number of days on the road and
the distance traveled in miles.
And we want to find the expected amount from a 340-mile trip that took her out of town for 5 days, so we just need to replace x1= 5 and x2=340 and we got:
Part b
The expected value taking in count that x1 = 5 and y = 340 is:
And the difference from the obtained value is : 685-441.50=243.5
So then the correct answer would be:
The accountant should not question the voucher as the request is much higher than expected.
Part c
We can add the following variables
A. Type of travel (air/car)
B. Gender of the executive (male/female)
The last option is not too important since we are analyzing the traveling executives not the type of business
Part d
The correlation coefficient is a "statistical measure that calculates the strength of the relationship between the relative movements of two variables". It's denoted by r and its always between -1 and 1.
The coefficient of determination "is a measure used in statistical analysis that assesses how well a model explains and predicts future outcomes. It is indicative of the level of explained variability in the data set".
The percentage of variation in the trip cost that can be explained by the model = (0.64)^2 =0.4096 or 40.96%
Answer:
Step-by-step explanation:
Given that a small manufacturing firm has 250 employees. Fifty have been employed for less than 5 years and 125 have been with the company for over 10 years. So remaining 75 are between 5 and 10 years.
Suppose that one employee is selected at random from a list of the employees
A) Probability that the selected employee has been with the firm less than 5 years =
B) Probability that the selected employee has been with the firm between 5 and 10 years
=
C) Probability that the selected employee has been with the firm more than 10 years
=
a) P(A) = 0.2
P(C) = 0.5
P(A or B) = 0.2+0.3 = 0.5
P(A and C) = 0 (since A and C are disjoint)