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Andrew [12]
3 years ago
5

A researcher uses a regression equation to predict electric bill costs (in dollars) based on the age of the home (in years). The

correlation between predicted electric bills and age of the home is 0.60. How should this finding be interpreted?
Business
1 answer:
Artyom0805 [142]3 years ago
3 0

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 R^{2};

In this situation we have the correlation = 0.6 , hence our coefficient is 0.6^{2} or 0.36. Therefore, 36% of the variability in electric bills can be explained by the age of home

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On January 1, 2022, the Sheridan Company ledger shows Equipment $49,700 and Accumulated Depreciation $18,280. The depreciation r
Lisa [10]

Answer:

revised annual depreciation will be : 13710

Explanation:

After revision the remaining life of equipment shrank down to 2 years, so the depreciation working will be worked out to adjusted the impact of decreasing of useful life.

As per existing information the depreciation charges are calculated as :

(Cost-Salvage Value)/Useful life= (49700-4000)/10 = 4570

Accumulated Depreciation indicates that 4 years have past by (18280/4570)

now remaining years are 6 which will be reduced to 2 after revision so the new working will be as follows:

Remaining Cost :31420  (49700 -18280)

Salvage Value : 4000

Revised Remaining Useful Life  : 2

Revised Calculated Depreciation Annual  : (31420-4000)/2 = 13710

It can be further verified through simple math also:

Adding annual depreciation of remaining 2 years : 13710 +13710 =27420

Value available for depreciation after salvage value : 31420 -4000= 27420

3 0
3 years ago
The person responsible for having the shipping papers on a ship carrying hazardous cargo is the
stira [4]
This would be the captain. If you need any further explaining, defining, or methods of answering, let me know and I'll do my best to help further. :)
8 0
3 years ago
The actual inventory holding cost incurred by an item depends on how long it actually spends in inventory.
svlad2 [7]
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5 0
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A single branch of Simpson Shoes has been operating since 1917. A new marketing team member suggested they look into Local Inven
fenix001 [56]

Answer: The correct option is:

In Google search from a device within 30 miles (48 km) of the Simpson Shoes location.

Explanation: When using Local Inventory ads, the ads will appear within 30 miles (48 km) of the organization.

Google will render the ad to people who are searching for the products and services that the organization has available in stock.

Therefore, Simpson Shoes Local Inventory ad will appear in Google search from any device within 30 miles (48 km) of the Simpson Shoes location.

3 0
3 years ago
Read 2 more answers
The Bert Corp. and Ernie, Inc., have both announced IPOs. You place an order for 1,150 shares of each IPO. One of the IPOs is un
Tems11 [23]

Answer:

The Bert Corp. and Ernie, Inc.

The profit expected is:

= $2,875.

Explanation:

a) Data and Calculations:

                           The Bert Corp.    Ernie, Inc.

IPO order placed  1,150 shares      1,150 shares

Underpriced by       $18.00

Overpriced by                                   $6.50

Profited expected    $10,350          -$7,475

Net profit = $2,875 ($10,350 - $7,475)

b) The profit expected is generated from the underpriced stock.  This profit is reduced by the increased cost incurred on the over-priced stock.  Therefore, the net profit is the difference between the profit and the additional cost incurred.

8 0
3 years ago
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