A researcher uses a regression equation to predict electric bill costs (in dollars) based on the age of the home (in years). The
1 answer:
Answer:
36% of the variability in electric bills can be explained by the age of home
Explanation:
Given:
- The correlation = 0.6
The coefficient of determination measures the proportion of variation in the dependent variable that is predictable from the independent variable.
The coefficient of determination is equal to ;
In this situation we have the correlation = 0.6 , hence our coefficient is or 0.36. Therefore, 36% of the variability in electric bills can be explained by the age of home
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The above answer can be explained as under -
Given,
Current Liabilities = $ 4,590
Net working capital = $ 2,170
So, the current assets will be calculated as under -
Net working capital = Current assets - Current liabilities
$ 2,170 = Current assets - $ 4,590
Current assets = $ 2,170 + $ 4,590
Current assets = $ 6,760
The liquid or quick assets will be calculated as -
Current assets - Inventory = Quick assets
Quick assets = $ 6,760 - $ 3,860
Quick assets = $ 2,900.
Now,
1. Current ratio =
Current ratio = = 1.47
2. Quick ratio =
Quick ratio = = 0.63