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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

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At age 18: 16,508

At age 19: 17,664

At age 20: 18,900

At age 21: 20,223


Then, we use this formula:

A = F { i/{[(1+i)^n] - 1}}

where A is the monthly deposit each year, F is the half amount of the tuition each year illustrated in the first part of this solution, n is the number of years lapsed.

At age 18:

A = (16508/2) { 0.04/{[(1+0.04)^6] - 1}} = $1,244.389 deposit for the 1st year

Ate age 19

A = (17664/2) { 0.04/{[(1+0.04)^7] = $1,118 deposit for the 2nd year

At age 20:

A = (18900/2) { 0.04/{[(1+0.04)^8] = $1,025 deposit for the 3rd year

At age 21:

A = (18900/2) { 0.04/{[(1+0.04)^8] = $955 deposit for the 4th year

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3 years ago
Working on a song for someone I used to love
maxonik [38]

Answer: this is awsom do we have to add on or no but this is the best lyiric ever lol

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2 years ago
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Answer:

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       (1 + Ke)     (1 + Ke)2   (1 + Ke)3                                                                                                                                          

Po = <u>$12</u> +   <u>$12.50</u> +      <u>$28 </u>

     (1 + 0.1)    (1 + 0.1)2   (1 + 0.1)3

Po = <u>$12</u> + <u>$12.50</u> + <u>$28</u>

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Po = $42.28  

                                                                                   

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The current stock price is a function of future dividends capitalised at the cost of capital of the company of 10% for a period of 3 years.  

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Answer:

The correct answer is entrepreneurs are born, not made.

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Answer:

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Explanation:

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