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]
3 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]3 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
Brown & Smith, Inc. engages in the design, development, making, and retail selling of designer jewelry in North America. Bef
Serga [27]

Answer:

rapid prototyping

Explanation:

Rapid prototyping (RP) is a family of manufacturing methods to make engineering prototypes in the minimum possible delivery times, based on a model of the article made in a computer-aided design system (CAD)

Rapid prototyping is an excellent way to check the functionality, dimensions and design characteristics of the designs, without going through the usual long prototyping process that requires specific technical and experienced tools.

3 0
3 years ago
If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly?
KATRIN_1 [288]

Right click the last data point and select "Set as Total"

<h3>What is accumulated total?</h3>

A running total stands for the summation of a sequence of numbers that exists updated each time a new number stands added to the sequence, by adding the value of the new number to the prior running total. Another term for it exists as a partial sum. The objectives of a running total exist twofold. Accumulated value, also directed to as accumulated amount or cash value, exists computed as the sum or total of the initial investment, plus interest earned to date.

A chart exists as a graphical representation for data visualization, in which "the data is described by symbols, such as lines in a bar chart, lines in a line chart, or slices in a pie chart". A chart can illustrate tabular numeric data, functions, or some types of quality structure and provides various info.

Right click the last data point and select "Set as Total".

To learn more about accumulated total refer to:

brainly.com/question/13131255

#SPJ4

5 0
2 years ago
Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:
True [87]

Answer:

Overheads cost allocated to Mossman Job  = $449

Explanation:

We have been provided the cost of each activity and their respective drivers.

There are three activities

Supervision of Direct Labor = $304,000 for 760,000 labor hours

Machine Maintenance = $153,600 for 960,000 hours

Facility rent = $165,000 for 110,000 square feet

Activities of Mossman Job and respective costs will be as follows:

Supervision of Direct Labor = $304,000/760,000 X 260 labor hours = $104

Machine Maintenance = $153,600/960,000 X 1,500 = $240

Facility Rent = $165,000/110,000 X 70 = $105

Net Overheads cost allocated to Mossman Job = $104 + $240 + $105 = $449

6 0
3 years ago
Is illuminati confirmed
Misha Larkins [42]
No it is not’ people say it’s real but no don’t believe that
7 0
3 years ago
Read 2 more answers
A customer purchases $340 worth of merchandise from The GAP using a gift card. What is the journal entry The Gap records?
OLga [1]

Answer:

Option (d) is correct.

Explanation:

Given that,

Customer purchases $340 worth of merchandise from The GAP using a gift card.

A gift card is having an amount of money that is used by the gift card holder for the purpose of purchasing goods. So, in the books of GAP, the value of gift card is debited as an unearned revenue and the sales revenue is credited.

The journal is as follows:

Unearned revenue A/c Dr. $340

         To sales revenue A/c         $340

(To record the merchandise sold for a gift card)

6 0
3 years ago
Other questions:
  • If f(x)=7-3x and g(x)=3x-7, what is the value of f(1) + g(1)
    7·1 answer
  • Lorenzo is self employed with an s corporation. he is unmarried and had a net profit for the tax year. what are the tax ramifica
    5·1 answer
  • A stock is currently priced at $52.50 a share. One year from now, the stock price is expected to be either $54 or $60 a share. T
    14·1 answer
  • Alex, a Nevada developer, has a very large development of attached retirement villas. He is interested in advertising this devel
    10·1 answer
  • Suppose that Candonia and Sylvania agree to trade. Each country focuses its resources on producing only the good in which it has
    11·1 answer
  • ook at these two sentences about Undeposited Funds: By posting to Undeposited Funds, you can create a single bank deposit for mu
    12·1 answer
  • Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the followin
    7·1 answer
  • An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $
    11·1 answer
  • In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments
    10·1 answer
  • What do you think is the most important thing an advertising professional must remember when using social media?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!