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
solniwko [45]
2 years ago
7

A random sample of records of sales of homes from February 15 to April 30, 1993, from the files maintained by the Albuquerque Bo

ard of Realtors gives the Price and Size (in square feet) of 117 homes. A regression to predict Price (in thousands of dollars) from Size has an R-squared of 71.4%. The residuals plot indicated that a linear model is appropriate.
Required:
a. What are the variables and units in this regression?
b. What units does the slope have?
c. Do you think the slope is positive or negative? Explain.
Business
1 answer:
AysviL [449]2 years ago
8 0

Answer:

A)

i) Size( x )  ( measured in ft^2 )

ii) Price ( y ) ( measured in dollars )

B) unit of slope = dollar per square foot

C) slope will be positive

Explanation:

A) The variables and units in this regression are

i) Size( x )  ( measured in ft^2 )

ii) Price ( y ) ( measured in dollars )

<u>B) Units of the slope </u>

unit of slope = dollar per square foot (i.e.  y / x )

C)  The slope will be positive given that the increase of home size is directly proportional to the increase in price

You might be interested in
The main reason that firms outsource is that: low-wage workers in other countries are more productive than are u.s. workers. hir
djyliett [7]
Productive than are u.s. workers. hiring low-wage workers reduces
6 0
3 years ago
Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing corporation red
zheka24 [161]

Answer:

Bonds Payable         $1000000 Dr

     Gain on redemption                   $15000 Cr

     Discount on bonds Payable      $10000 Cr

     Cash                                            $975000 Cr

Explanation:

The face value of bonds payable is $1000000 while they are a discount bond and carry a discount of $10000. The value of bonds is 1000000 - 10000 = 990000.

The bonds, however, are redeemed at 97.5 which means they are redeemed by paying 97.5% of face value which comes out to be 975000.

Thus, the difference between their value and the redemption price is the gain as value is greater than the price paid for them at redemption.

Gain = 990000 - 975000 = $15000

5 0
3 years ago
Read 2 more answers
Eric randomly surveyed 150 adults from a certain city and asked which team in a contest they were rooting​ for, either north hig
max2010maxim [7]
Interval at 95% confidence = p+/- Z sqrt (p(1-p)/n)
Upper interval => 0.68=p+1.96 sqrt (p(1-p)/n)
Lower interval => 0.52=p-1.96 sqrt (p(1-p)/n)
Putting sqrt term to be "q"

0.68=p+1.96q
0.52=p-1.96q

Adding the two equations to solve for p (proportion of 150 adults rootng for North high school);
1.2 = 2p => p=0.6
6 0
3 years ago
Read 2 more answers
Select the best definition of labor productivity:
dimulka [17.4K]
<span>Labor productivity is the ability to earn the highest amount of profit for a company for an employees time. Such as a chef, cooking 10 meals in an hour will bring in 100 dollars for those 10 meals and only gets paid 10 dollars. His labor productivity is earning the company 90 dollars for his time.</span>
8 0
3 years ago
What is debit? And what is credit?​
Shtirlitz [24]
What exactly are debits and credits? In a nutshell, debits (dr) record all money that flows into an account, while credits (cr) record all money that flows out of an account.
5 0
2 years ago
Other questions:
  • What are some benefits to private ownership? Select three answers.Private ownership provides offices for government workers.Priv
    12·2 answers
  • Brooke Company grants James Decorating additional time to pay its past-due account. James makes a written promise to pay Brooke
    6·2 answers
  • Weisbro and Sons common stock sells for $24 a share and pays an annual dividend that increases by 4.9 percent annually. The mark
    8·1 answer
  • Gundy Corporation produces area rugs. The following per unit cost information is available: direct materials $19, direct labor $
    14·1 answer
  • Times Inc. is trying to develop an asset-financing plan. The firm has $540,000 in temporary current assets and $440,000 in perma
    11·1 answer
  • A $25,000 bank loan is to be repaid in equal yearly payments of $2745 over 15 yr at an effective annual interest rate of 7%. The
    12·1 answer
  • Sandhill Co. began operations on January 2, 2020. It employs 13 people who work 8-hour days. Each employee earns 11 paid vacatio
    12·1 answer
  • Enith Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts P
    7·1 answer
  • What's it called when you contact the public with unsolicited offers via a multitude of types of communication and in high frequ
    14·1 answer
  • Write a proposal on why your business should implement a recycling program. (will give brainliest)
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!