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Ludmilka [50]
1 year ago
9

Janice​ Carrillo, a​ Gainesville, Florida, real estate​ developer, has devised a regression model to help determine residential

housing prices in northeastern Florida. The model was developed using recent sales in a particular neighborhood. The price​ (Y) of the house is based on the size​ (square footage​ = X) of the house. The model​ is:
Y = 13.473 + 37.65X

The coefficient of correlation for the model is 0.63

a. Use the model to predict the selling price of a house that is 1,860 square feet
b. An 1,860-square-foot house recently sold for $95,000. Explain why this is not what the model predicted
c. If you were going to use multiple regression to develop such a model, what other quantitative variables you might include?
d. What is the value of the coefficient of determination in this problem?
Business
1 answer:
Karolina [17]1 year ago
8 0

Answer:

i just need points

Explanation:

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Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
Bingel [31]

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

5 0
2 years ago
DAA's stock is selling for $15 per share. The firm's income, assets, and stock price have been growing at an annual 15 percent r
DaniilM [7]

Answer:

This question is incomplete since the required return is not pasted here. I checked on the web and found similar question with the firm's required rate of return is 18 percent. You can use this to solve the question as follows.

Explanation:

Use Dividend Discount Model (DDM) to find the intrinsic value of the stock.

Find the present value of dividends

D3 = 2

PV(of D3) = 2/(1.18^3) = 1.2173

D4 = D3(1+g) = 2(1+0.06) = 2.12

PV(of D4) = \frac{\frac{2.12}{0.18-0.06} }{1.18^{3} }

PV (of D4) = 17.6667/ 1.6430 = 10.7527

Next, sum up the present values ;

= 1.2173 + 10.7527

= $11.97

Therefore, DAA's stock is currently overpriced ,so you should not buy it since it is only valued at $11.97 and not $15.

6 0
2 years ago
Going back to the original problem from question 3, Eli Orchid would like to make sure that at most 30% of all batches produced
oksano4ka [1.4K]
Please answer answer question answer answer me question answer question question answer answer please answer answer question answer answer me question answer please answer answer please thank lord lord please please thank you lord lord please thank you please thank lord please thank you lord please please thank you lord lord thank you please thank lord please thank you lord please please thank you lord lord thank you please thank lord please thank you lord please please thank you lord lord thank you please thank lord
3 0
1 year ago
Edmond, the CEO of Hartman Manufacturing, said to his new vice president of accounting, "In the past I had resistance to new ide
rodikova [14]

Answer:

A.

Explanation:

Based on the information provided within the question it can be said that this is many times a necessary part of strategy implementation. This term refers to the process which a company undergoes in order to begin putting the chosen plans and strategies into action with the hopes of achieving the desired goal. This process many times requires situations like the one in question to be handled.

6 0
2 years ago
Match the correct EFTA and PCI Standards.
docker41 [41]

Answer

EFTA (Electronic Fund Transfer Act)-place a stop payment on recurring payments

PCI standards-report stolen debit card, protect credit card data and maintain a secure network

Explanation

The Electronic Fund Transfer Act (EFTA) put in place laws that protect customers when making electronic bank transactions using computers, mobile devices and ATM machines. This Act can stop a payment that has been identified to occur recurrently.

The Payment Card Industry has data security standards and compliance that set policies and procedures to be followed in order to protect card transactions (debit, credit and cash) and eliminate the misuse of a card when making transactions. The standards which go under PCI are; reporting of stolen debit card, protecting credit card data and maintaining a secure network.


3 0
2 years ago
Read 2 more answers
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