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3 years ago

How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?

Business

1 answer:

kati45 [8]3 years ago

5 0

Answer and explanation:

Regression coefficients portrait the changes in variables after one unit has changed keeping the rest of the predictors of the model the same. While the simple linear regression is predicted from one variable, the multiple regression is predicted for more than one of them.

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Elegance Bath Products, Inc. (EBP) makes a variety of ceramic sinks and tubs. EBP has just developed a line of sinks and tubs ma

Arlecino [84]

Answer:

C) 410 tubs

Explanation:

the contribution margin for sinks is $70 (= $150 - $80) and the contribution margin for tubs is $150 (= $600 - $450).

the molding equipment has 4,050 hours of capacity per year, so it can produce either 2,025 sinks or 810 tubs.

we can determine what product is more profitable if we determine a contribution margin per molding equipment usage ratio:

sink = $70 / 2 hours = $35 per hour
tub = $150 / 5 hours = $30 per hour

It is more profitable to produce sinks than tubs, but we can sell only 1,000 sinks per year, so even after we product the 1,000 sinks we will have spare molding equipment capacity which we can use to produce tubs.

The spare molding equipment capacity after producing sinks = 4,050 total hours - 2,000 hours used to produce sinks = 2,050 spare molding hours

We can produce 410 tubs (= 2,050 molding hours / 5 hours per tub)

7 0

4 years ago

What potential challenges will you have supporting your argument with this demographic?

Nataly_w [17]

Being expressive to the audience for a certain essay is vital because it regulates the content that will give the impression in the writing. The content of an essay that has a detailed topic will differ depending on the projected audience. Having a fixated topic is imperative, but having a precise audience is correspondingly significant.

7 0

4 years ago

____ is the process for motivating employee performance in which the manager and employee jointly set objectives for the employe

nika2105 [10]

Answer:

MBO

Explanation:

Management by objectives also known as management by results is a process which is proposed by the peter drunkard in 1954. By defining the specific objectives in an organization, and how to achieve these targets.

This process helps the business organization to accomplish its objectives, by goal setting. It has a five-set process of reviewing the organizational goal , then setting the worker objective and monitoring their progress and evaluation after giving the reward.

The word SMART is also associated with the objectives as Specific, Measurable, Assignable, Realistic and a Time-bound process.

8 0

3 years ago

Jamestown Supply is trying to decide whether to lease or buy some new equipment. The equipment costs $72,000, has a 4-year life,

DochEvi [55]

Answer:

$15,708

Explanation:

Calculation to determine What is the amount of the aftertax lease payment

Using this formula

Aftertax lease payment=Leased equipment(1-Tax rate)

Let plug in the formula

Aftertax lease payment = $23,800 (1 - 0.34)

Aftertax lease payment=$23,800(.66)

Aftertax lease payment = $15,708

Therefore the amount of the aftertax lease payment is $15,708

3 0

3 years ago

A stock had returns of 12 percent, 16 percent, 10 percent, 19 percent, 15 percent, and -6 percent over the last six years. What

OleMash [197]

Answer:

10.68%

Explanation:

Data provided in the question:

Returns on stock : 12%, 16%, 10%, 19%, 15%, -6%

Now,

Geometric average return on the stock is calculated as:

Geometric average return = $({(1 + r_1)\times(1 + r_2).......\times(1 + r_n)})^\frac{1}{n}- 1$

Thus,

For the given returns on stock

Geometric average return

= $[ (1 + 0.12)\times(1 + 0.16)\times(1 + 0.10)\times(1 + 0.19)\times(1 + 0.15)\times(1 + (- 0.06)) ]^{\frac{1}{6}}-1$

= $[ 1.12\times1.16\times1.10\times1.19\times1.15\times0.94 ]^{\frac{1}{6}}-1$

= $[1.8384056768]^{\frac{1}{6}}-1$

= 1.1068 - 1

= 0.1068

= 0.1068 × 100%

= 10.68%

6 0

3 years ago