A table of house pricing data is linked below. Use software to do further analyses with the multiple regression model of y=selling price of home in thousands, x1=size of home, and x2=number of bedrooms. Then use this model to complete parts a through c below.
Data:
y_Price_($) x1_Size_(sq_ft)
x2_Bedrooms
309900 3179 5
161700 1738 3
162100 1901 2
132100 996 1
210900 1676 2
170100 1662 2
189700 1396 2
286100 3627 4
304700 3961 5
252700 3395 5
120200 795 1
286600 3475 4
167800 1416 2
118200 1041 1
260900 2763 4
b. Report and interpret the t statistic and P-value for testing H0: β2 = 0 against Ha: β2 > 0.
t = 1.093
c. Report the p-value corresponding to this t statistic.
P-value = ____ (round to four decimal places as needed)
In: Statistics and Probability
The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months follow:
| Month | Special Analyses | Customer Accounts | Paychecks Processed | Accounting Service Costs |
| 1 | 2 | 325 | 1,029 | $ 63,800 |
| 2 | 4 | 310 | 993 | 68,900 |
| 3 | 2 | 302 | 1,268 | 64,000 |
| 4 | 1 | 213 | 1,028 | 61,300 |
| 5 | 2 | 222 | 984 | 61,600 |
| 6 | 0 | 214 | 712 | 50,800 |
| 7 | 1 | 131 | 762 | 51,020 |
| 8 | 1 | 123 | 739 | 54,300 |
| 9 | 0 | 115 | 708 | 50,500 |
| 10 | 2 | 296 | 1,232 | 64,800 |
| 11 | 2 | 213 | 978 | 58,000 |
| 12 | 1 | 222 | 929 | 57,500 |
| 13 | 2 | 217 | 1,059 | 62,200 |
| 14 | 2 | 132 | 942 | 54,900 |
| 15 | 4 | 300 | 1,299 | 71,530 |
| 16 | 4 | 315 | 1,283 | 64,800 |
| Totals | 30 | 3,650 | 15,945 | $959,950 |
Page 199
In addition to the information on the previous page, you learn that the accounting department had the following total costs for the past 16 months for each of the following:
| Total cost of paychecks processed | $180,100 |
| Total cost of maintaining customer accounts | 109,600 |
| Total cost of performing special analyses | 120,000 |
| Total fixed costs (total for 16 months) | 550,250 |
| Total costs | $959,950 |
Required
What is the cost per unit for (1) paychecks processed, (2) customer accounts maintained, and (3) special analyses performed?
Assuming the following level of cost-driver volumes for a month, what are the accounting department’s estimated costs of doing business using the account analysis approach?
1,000 paychecks processed
200 customer accounts maintained
3 special analyses
In: Accounting
Question 1 (1 point)
Which of the following property describe a good software?
Question 1 options:
|
User friendly |
|
|
Reliable |
|
|
Provide the required functions |
|
|
Efficient |
|
|
All of above |
Question 2 (1 point)
Software crisis is caused by the programming language selected.
Question 2 options:
| True | |
| False |
Question 3 (1 point)
Software deteriorates over time because software is susceptible to the environmental maladies such as temperature.
Question 3 options:
| True | |
| False |
Question 4 (1 point)
Incremental process model has a higher risk of project failure than waterfall model.
Question 4 options:
| True | |
| False |
In: Computer Science
Use the following pairs of observations to construct an 80% and a 98% confidence interval for
beta 1β1.
|
x |
1 |
2 |
3 |
0 |
6 |
4 |
5 |
|
|---|---|---|---|---|---|---|---|---|
|
y |
1 |
1 |
3 |
2 |
5 |
2 |
6 |
The 80% confidence interval is
left parenthesis nothing comma nothing right parenthesis,.
(Round to two decimal places as needed.)
In: Statistics and Probability
(1) Describe the difference between empirical and
theoretical probability.
(2) Find the theoritical probability of tossing three coins and
getting 2 heads, 1 tail.
(3) Toss three coins at once 50 times and record the out come of
getting 2 heads, 1 tail.
(4)) Based on your observations, give the empirical probability of
each result.
In: Statistics and Probability
What is the business risk for "Samsung" company in these day. Answer in scope of
Question: Expected losses
1.Direct losses
2.In Direct losses
Cost of loss financing
1.Retention and self-Insurance
2.Insurance
3. Hedging
4.Other risk transfer
Cost of residual uncertainty
1.Effect on shareholders
2.Effect on other stakeholders
In: Operations Management
Compute the most probable number (MPN) for coliform density, expressed as MPN per 100 mL for the three samples below, based on the following test results using the tables and the Thomas equation. At each dilution a total of 5 tubes were tested [30 marks]
| Sample a | Sample b | Sample c | |
| Size of portion (mL) | # of positive tubes | # of positive tubes | # of positive tubes |
|
100 |
5 | 5 | 5 |
| 10 | 5 | 5 | 5 |
| 1 | 4 | 4 | 4 |
| .1 | 3 | 4 | 2 |
| .01 | 1 | 0 | - |
In: Biology
The marketing manager of a firm that produces laundry products decides to test market a new laundry product in each of the firm's two sales regions. He wants to determine whether there will be a difference in mean sales per market per month between the two regions. A random sample of 13 supermarkets from Region 1 had mean sales of 72.7 with a standard deviation of 9. A random sample of 17 supermarkets from Region 2 had a mean sales of 84.9 with a standard deviation of 7.6. Does the test marketing reveal a difference in potential mean sales per market in Region 2? Let μ1 be the mean sales per market in Region 1 and μ2 be the mean sales per market in Region 2. Use a significance level of α=0.01 for the test. Assume that the population variances are not equal and that the two populations are normally distributed.
Step 1 of 4 : State the null and alternative hypotheses for the test. Step 2 of 4 : compute the value of the t test statistic. Round to 3 decimal places. step 3 of 4 : determine the decision rule for rejected the null hypothesis. round to 3 decimal places step 4 of 4 : state the tests conclusion
In: Statistics and Probability
|
Utility from comic book consumption |
Utility from coffee consumption |
Marginal utility per dollar |
|||
|
Quantity of comic books |
Marginal utility from comic books (utils) |
Quantity of coffee (cups) |
Marginal utility from coffee (utils) |
Marginal utility per dollar for comic books |
Marginal utility per dollar for coffee |
|
0 |
0 |
0 |
0 |
||
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1 |
8 |
1 |
1 |
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2 |
7 |
2 |
2 |
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3 |
6 |
3 |
3 |
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4 |
5 |
4 |
5 |
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5 |
4 |
5 |
7 |
||
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6 |
6 |
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7 |
5 |
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8 |
4 |
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9 |
3 |
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10 |
2 |
||||
In: Economics
Ted Olson, director of the company Overnight Delivery, is worried because of the number of letters of first class that his company has lost. These letters are transported in airplanes and trucks, due to that, mister Olson has classified the lost letters during the last two years according to the transport in which the letters were lost. The data is as follows:
|
Number of cards lost in (month) |
J |
F |
M |
A |
M |
J |
J |
A |
S |
O |
N |
D |
|
Truck |
4 |
5 |
2 |
3 |
2 |
1 |
3 |
5 |
4 |
7 |
0 |
1 |
|
Airplane |
5 |
6 |
0 |
2 |
1 |
3 |
4 |
2 |
4 |
7 |
4 |
0 |
Mister Olson will investigate only one department, either aerial o ground department, but not both. He will open the investigation in the department which has the most number of lost letters per month, find:
26.- The expectation quadratic value of lost letters per month for truck.
27.- The expectation quadratic value of lost letters per month for airplane.
28.- The variance value of lost letters per month for truck.
29.- The variance value of lost letters per month for airplane.
In: Math