1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Consider a 5-step process for the National Corporation that includes cutting, drilling, stamping, welding, and painting. The cut
Amanda [17]

Answer:

\large\boxed{\large\boxed{\text{The capacity of the entire five-step process is 30 units per hour}}}

Explanation:

The rate of production is determined by the slowest step or process.

Determine the rate of production of each step.

<em>1. The Cutting department has 6 machines that each process materials at a rate of 2 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 6 × 1 unit / 2 minute = 3 units / minute

<em>2. Drilling has 6 machines that each process materials at a rate of 3 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 6 × 1 unit / 3 minute = 2 units / minute

<em />

<em>3. Stamping has 6 machines that each process materials at a rate of 4 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 6 × 1 unit / 4 minute = 1.5 units / minute

<em />

<em>4. Welding has 4 machines that each process materials at a rate of 2 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 4 × 1 unit / 2 minute = 2 units / minute

<em>5. Painting has 2 machines that each process materials at a rate of 4 minutes per unit. </em>

  • rate = number of machines × rate of each machince

  • rate = 2 × 1 unit / 4 minute = 0.5 units / minute

Then, the fifth process, painting is the slowest process because it only can process 0.5 units per minute. This is the bottleneck. Even if the other processes worked faster, the production could not exceed the number of machines that can be painted per hour.

To find how many units can be painted or produced by hour multiply the rate by the number of minutes in one hour:

  • 0.5 units/min × 60 min/hour = 30 units / hour.

Therefore, the capacity of the entire five-step process is 30 units per hour.

6 0
3 years ago
According to the preprinted language what type of deed is to be used at closing to convey the title to the real property that is
GenaCL600 [577]
The type of deed that is used is called GENERAL WARRANTY.
General warranty is used to transfer property title to a buyer; it contains full warranty of title whereby the seller assures the buyer that the property is free and clear of any other claim.
3 0
3 years ago
Who owns the alcoholic beverages of a private club ?
tangare [24]
The owner of the club
6 0
3 years ago
Read 2 more answers
Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
alina1380 [7]

An example of a natural monopoly found across the globe is power delivery.

Is electricity a natural monopoly?

  • Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
  • A natural monopoly exists when average costs continuously fall as the firm gets larger.
  • An electric company is a classic example of a natural monopoly.

What are some examples of monopolies?

Natural gas, electricity companies, and other utility companies are examples of natural monopolies.

They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.

Learn more about this here:

brainly.com/question/5372062

#SPJ4

6 0
2 years ago
​Paul, the HR​ manager, works in the Townsville plant and reports to the plant manager​ there, but he also reports to the corpor
xxMikexx [17]

Answer:

Letter B is correct. Unity of command.

Explanation:

Unity of command is defined as t<u>he importance of respecting hierarchy within an organization.</u> The orders are given by the superiors and the subordinates must comply with them, that is, the orders of those who are at the top of the hierarchy must always be respected and only the superiors are allowed to change them.

When there is a violation of the command unit, several related conflicts can arise, such as lack of consensus among teams, disorganization, failure in the communication process, which negatively impact organizational effectiveness.

4 0
3 years ago
Other questions:
  • Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fi
    14·1 answer
  • A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is a.
    8·1 answer
  • Fey Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). What bad debt e
    6·1 answer
  • Smitty Museum purchased the copyright to a piece of artwork for $925,000. Smitty plans to reproduce 2.1 million posters of the a
    8·1 answer
  • Suppose a manufacturing plant is considering three options for expansion. The first one is to expand into a new plant (large), t
    11·2 answers
  • Jim Jones, the landlord, rents a property to Tom Smith, a physically disabled person. Mr. Smith, with Mr. Jones' permission, mod
    11·1 answer
  • Beta Electronics reports the following data for the year ended December 31, 2019:
    15·1 answer
  • If there is capital flight from the United States, then the demand for loanable funds a. shifts left while the supply of dollars
    7·1 answer
  • Discuss <br>any five roles of<br>entrepreneurship in the economic<br>growth of a country ​
    11·1 answer
  • to compute trend percentages the analyst should: multiple choice select a base period, divide analysis period amount by the base
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!