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
timofeeve [1]
2 years ago
14

Yeager Corporation has used regression analysis to perform price elasticity analysis. In doing so management regressed the quant

ity demanded (y variable) against price (x variable) with the following results:
Multiple R 0.86798
Adjusted R squared 0.72458
Standard error 542.33
Intercept 56400.5
Price coefficient –4598.20

1. What percentage of the variation in quantity demanded is explained by price?

a. 86.798%
b. 72.458%
c. 56.4%
d. 54.233%

2. Calculate the predicted quantity demanded if price is set at $7.00.

a. 24,213
b. 88,588
c. 31,234
d. 18,454
Business
1 answer:
Olegator [25]2 years ago
7 0

Answer:

b). 72.458 %

a). 24, 213

Explanation:

1). The second option i.e. 72.458% correctly measures the variance percentage brought in the dependent variable(regressed the quantity demanded) by manipulating the independent variable(price elasticity). The first option is wrong as it shows R multiple which is rather the coefficient. The third and the last options are incorrect as they display the intercept employed to determine the quantity and the key error of calculating the standard deviation.

2). The predicted quantity demanded would be 24,213 if the price is fixed at $7.00.

It can be calculated using the formula;

Quantity demanded = Intercept + (Adjusted R squared * Price coefficient)

∵ Quantity Demanded = 56,400.50 + (7 X -4,598.2)

= 24,213

You might be interested in
Gabriella strongly prefers a specific brand of gourmet coffee. Since there is only one store in her area that sells her brand, s
omeli [17]

Answer:

A. True

Explanation:

For her it is a specialty good because it not sold everywhere, therefore she makes the extra effort.

7 0
3 years ago
At the beginning of November, Watson Industries has a cash balance of $3,461,000. They have expected cash receipts of $712,000 a
Ahat [919]

Answer:

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance

= $3,461,000 + $712,000 - $1,397,000 - $3,000,000

= $224,000

Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

4 0
3 years ago
Karen is designing a process for issuing checks and decides that one group of users will have the authority to create new payees
Nataly [62]

Answer:

D. Separation of Duties

Explanation:

Separation of duties also know as segregation of duties refuses that one person he responsible of acquisition of assets, their custody and related record keeping. The process in which Karen is using to prevent fund by separating individuals who as the authority to issue checks is known as separation of duties. It is a form of internal control aimed at reducing risk of errors and frauds.

4 0
2 years ago
In a _________________________ economy, the individuals and the government share in the economic decision-making process. These
VladimirAG [237]

Answer:

I believe it's Command Economy

Explanation:

8 0
1 year ago
Between 2003 and 2005, there was huge growth in the market for premium blue jeans priced at $200 or more per pair. Popular magaz
zimovet [89]

Answer:

Following are the solution to the given question:

Explanation:

Huge demand increase inside the Blue Jeans market led to rising costs between 2003 and 2005. The contour of desire went right.

With pricing just above the previous level, the producers are motivated to create more and therefore to increase the demand side and shift its supply curve to the right.

Greater amounts supplied produced a surplus in blue jeans that could only be sold if the prices decreased to attract buyers (the supply side), creating a new balance at a clean cost.

6 0
2 years ago
Other questions:
  • What type of wholesaler operates mainly in bulk industries like lumber, coal, and it heavy equipment
    13·1 answer
  • A country made education free and mandatory up to age 15. It established 100 new schools to educate kids across the country. As
    15·2 answers
  • Here are the cash flows for two mutually exclusive projects: Project C0 C1 C2 C3 A −$ 34,400 +$ 13,700 +$ 13,700 +$ 13,700 B − 3
    14·1 answer
  • The Filling Department of Eve Cosmetics Company had 3,900 ounces in beginning work in process inventory (90% complete). During t
    6·2 answers
  • In regard to an operating budget identifiable costs may generally include _________.
    9·1 answer
  • The balance in Accounts Receivable at the beginning of the year was $ 550 comma 000. The balance in Accounts Receivable at the e
    6·1 answer
  • Government's role is to create and enforce laws that:
    5·1 answer
  • Define what is meant by the phrase "planning materiality threshold"
    14·1 answer
  • Match each concept in Column A with an example in Column B. Column A Column B a. Substitute goods 1. Price and quantity along th
    13·1 answer
  • What does making a good decision mean?? How can I make a good decision?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!