Stata Textbook Examples
Regression Analysis by Example, Third Edition
Chapter 3: Multiple Linear Regression
Answer:
- The equation 2n = p should be 2p = n.
- The actual cost of the onions is $3.00 per pound.
- Potatoes cost $1.50 per pound.
Step-by-step explanation:
The wording "onions cost twice as much as potatoes" is understood to mean the cost per pound of onions (n) is equal to two times the cost per pound of potatoes (2p). Then the appropriate equation would be ...
2p = n
Then the solution is ...
6p +3(2p) = 18
12p = 18
p = 18/12 = 1.50
n = 2p = 2(1.50) = 3.00
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The equation should be 2p = n; onions cost $3.00 per pound; potatoes cost $1.50 per pound.
Answer:
22% reduction
Step-by-step explanation:
Find the percent decrease by dividing the difference in amounts by the original amount.
Find the difference:
115 - 90 = 25
Divide this by the original amount:
25/115
= 0.217
So, the percent decrease is 21.7%. Round this to the nearest whole percentage:
= 22
The percent reduction in fuel used was approx. 22%
Answer:
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