Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

When doing a bivariate regression model, using the equation y=intercept + coefficient (x), where y is sales of a company, x is the profit, the

When doing a bivariate regression model, using the equation y=intercept + coefficient (x), where y is sales of a company, x is the profit, the intercept is 422 and the other coefficient is 4.93...what does a significantly high intercept tell us?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Early Transcendental Single Variable

Authors: Howard Anton, Irl C Bivens, Stephen Davis

11th Edition

1118885589, 9781118885581

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Suppose that the annual household income in a small mid western community is normally distributed with a mean of $55,000 and a standard deviation of $4,500. In addition to providing the answer, state...

Answered: 1 week ago

Question

★★★★★

Watson Company has a subsidiary in the country of Alonza where the local currency unit is the kamel (KM). On December 31,2008, the subsidiary has the following balance sheet: LO6 Cash.KM 16,000...

Answered: 1 week ago

Question

★★★★★

=+b) Find a prediction for 2007 based on an exponential smoothing model with a = 0.8.

Answered: 1 week ago

Question

★★★★★

You were recently hired to improve the financial condition of Idaho Springs Hardware, a small chain of three hardware stores in Colorado. On your first day the owner, Chuck Vitaska, told you that the...

Answered: 1 week ago

Question

★★★★★

please help, thats all the information availble Question (35 Marks) The following balances were obtained from the books of Book Den Namibia (PTY) Ltd as at 31 March 2019; Direct Materials Purchases...

Answered: 1 week ago

Question

★★★★★

Hotel ABC Hotel DEF Hotel GHI Hotel JKL Information from the income statement: Total Revenue $10,009,000 $3,816,000 $428,806 $1,227,550 Total Expenses 9,503,000 3,618,000 354,461 1,822,748...

Answered: 1 week ago

Question

★★★★★

Sample number Data 1 74.030 74.002 74.019 73.992 74.008 2 73.995 73.992 74.001 74.011 74.004 3 73.988 74.024 74.021 74.005 74.002 4 74.002 73.996 73.993 74.015 74.009 5 73.992 74.007 74.015 73.989...

Answered: 1 week ago

Question

★★★★★

Corporations providing products and/or services are made up of many parts. There is accounting, marketing, as well as operations (and other groups too). How might these three groups integrate (or...

Answered: 1 week ago

Question

★★★★★

john calls because his mortgage company is requesting proof of insurance for a two - family home he is purchasing that he plans to rent to tenants. what product best matches his needs?

Answered: 1 week ago

Question

★★★★★

Case 2-22 (Algo) Plantwide versus Departmental Overhead Rates; Pricing (LO2-1, LO2-2, LO2-3, LO2-4] "Blast it" said David Wilson, president of Teledex Company. "We've just lost the bid on the Koopers...

Answered: 1 week ago

Question

★★★★★

1. Conduct a research online and analyse the approaches use in system documentation, problems, and propose possible solutions. Address the following: 1a. Discuss the specific recommendations that you...

Answered: 1 week ago

Question

★★★★★

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago

Question

★★★★★

The temporal rule: The closer temporal proximity we have to an event or action, the more probable it is that the distortion of information is less than if the event or action happened longer ago.

Answered: 1 week ago

Question

★★★★★

The relevance of the information to the interpreter

Answered: 1 week ago

Previous Question Next Question