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monitta
3 years ago
9

A sporting goods store manager wants to forecast annual sneaker revenues based on the type of sport (running, tennis, or walking

), color (red, blue, white, black, or violet) and its target audience (men or women). How many independent variables should the manager include in her multiple regression analysis? Please enter your answer as an integer; that is with no decimal point.
Business
1 answer:
liq [111]3 years ago
8 0

Answer: The manager should include 7 independent variables in her multiple regression analysis .

Explanation:

Given : The manager wants to forecast annual sales revenues of snekers of different categories.

The given categories are :-

Sports , color , gender.

Also when we have a categorical variable that assumes n different divisions then the number of dummy explanatory variable for multiple regression will be n-1.

Number of types of sports = 3

⇒ Number of dummy variables for types of sports = 3-1 =2

Number of types of color = 5

⇒ Number of dummy variables for types of color = 5-1 =4

Number of types of gender = 2

⇒ Number of dummy variables for gender = 2-1 =1

Now, the total number of independent variables = 4+2+1=7

Hence, the manager should include 7 independent variables in her multiple regression analysis .

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Answer: Embed company culture

               

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In the given case, Greg is trying to make a communication channel in the organisation so that every employee can get a sense of the company culture that runs in the workplace.

Hence we can conclude that he is trying to embed the company culture.

8 0
3 years ago
Pace Co. borrowed $10,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-
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Answer:

Explanation:

Amount of interest need to paid is 30 day month

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Simple interest formula is

Interest for year is = 10000×7.5% = 750

Per month is = 750×30/360 = 60.42

8 0
2 years ago
Research studies indicate that:
dezoksy [38]

Answer:

A)

Explanation:

Research studies indicate that U.S. producers gain more from tariffs than U.S. consumers lose. This is mostly because many intermediaries must pay various different tariffs including the consumer which all go to the producers, and therefore allowing the producers to gain more from the tariffs that the U.S. consumers will spend paying them.

8 0
3 years ago
Assume the MPC is 0.6. If government were to impose $10 billion of new taxes on household income, consumption spending would ini
mihalych1998 [28]

Answer:

$6 billion

Explanation:

Calculation to determine what consumption spending would initially decrease by

Using this formula

Decrease in Consumption spending=MPC * New taxes on household income

Let plug in the formula

Decrease in Consumption spending=0.6*$10 billion

Decrease in Consumption spending=$6 billion

Therefore consumption spending would initially decrease by $6 billion

4 0
3 years ago
A store has a 6% restocking fee. If you join the store’s membership program, all items over $100 will have a flat rate restockin
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Saving means the amount of income that is not spent on a particular product.

The member of the store will save $5 if they return an item costing $240.

<h3>What is saving?</h3>

Saving is defined as the part of income not spent, or delayed consumption. Methods of saving, consider putting money set aside.

<u>Example:</u>

A deposit account, a pension account, an investment fund, or cash. Saving also refers to separating down expenditures, like recurring costs.

In the above situation, it is clearly mentioned that if any member would return the item which costs above $100, then he would save $5. So here the item which the member is returning is above $100 then, the member would save $5.

He would pay only $235 ($240-$5).

Therefore, the member will save $5, on returning the item.

To learn more about saving, refer to:

brainly.com/question/7965246

8 0
2 years ago
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