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please see photo for question. - 4.49 Accountants at the Tucson firm, Larry Youdelman, CPAs, believed that several traveling executives were submitting unusually high travel
please see photo for question.
- 4.49 Accountants at the Tucson firm, Larry Youdelman, CPAs, believed that several traveling executives were submitting unusually high travel vouchers when they returned from business trips. First, they took a sample of 200 vouchers submitted from the past year. Then they developed the following multiple-regression equation relating expected travel cost to number of days on the road (x1) and distance traveled (x2) in miles: y^=$90.00+$48.50x1+$.40x2 The coefficient of correlation computed was .68 . a) If Donna Battista returns from a 300 -mile trip that took her out of town for 5 days, what is the expected amount she should claim as expenses? b) Battista submitted a reimbursement request for $685. What should the accountant do? c) Should any other variables be included? Which ones? Why Step by Step Solution
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