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NEW QUESTION 52
The owner of a small bakery wants to analyze the effect of certain variables on total sales. The owner takes a random sample of 60 days between November 2013 and June 2014 and records the total sales for that day, the highest temperature that day, and whether that day was a Saturday or Sunday. A portion of that spreadsheet is provided below.
Which cell ranges contain the dependent and independent variables in this regression model?
- A. DependentVariable:B1:B61 IndependentVariable:C1:D61
- B. DependentVariable:C1:D61 IndependentVariable:B1:B61
- C. DependentVariable:C1:C61 IndependentVariable:B1:B61, D1:D61
- D. DependentVariable:B1:B61 IndependentVariable:C1:C61
Answer: A
NEW QUESTION 53
A student is interested in which factors affect the U.S. poverty rate and develops a linear regression model. The student uses poverty rate in all 50
U.S. states and Washington D.C. as the dependent variable and wants to relate it to the following variables:
The unemployment rate
The percent of the adult (over 25) population with at least a bachelor’s degree
The percent of the population without health insurance
The percent of the adult (over 25) population without a high school diploma or equivalent
The percent of households with children under 18 run by a single mother
The student collects data from each state and Washington D.C. for the year 2012 and runs the regression in Excel. The results of this regression are given below.
Based on these results, select the independent variables that have a coefficient that is statistically significant at the 5% level. (Select all that apply.)
- A. Unemployment Rate
- B. Percent of Single Mother Households
- C. Bachelor’s Degree or Higher
- D. Percent of High School Dropouts
- E. Percent of Population Uninsured
Answer: C,D
NEW QUESTION 54
An online music streaming company has two subscription options:
1.Listen to unlimited music with five minutes of advertisements for every hour of music.
2.Pay a monthly fee and listen to unlimited music with no ads.
If a potential customer wants to subscribe to the company but is indifferent between options 1 and 2, the customer’s willingness to pay (WTP) is:
- A. 0 for music and negative for advertising.
- B. Positive for music and unknown for advertising.
- C. Positive for music and negative for advertising.
- D. Positive for music and positive for advertising.
Answer: C
NEW QUESTION 55
Exhibit:
A recent graduate is interested in investing in a stock. This individual is particularly interested in retail companies and has been following two companies closely for the past year. In order to decide which stock to invest in, this individual decides to compare monthly returns for both companies over the past year. A table of descriptive statistics is given below. What can be said about Company A regarding risk and average returns in relation to Company B?
- A. Company A has lower average monthly returns and is relatively less risky than Company B.
- B. Company A has higher average monthly returns and is relatively more risky than Company B.
- C. Company A has lower average monthly returns and is relatively more risky than Company B.
- D. Company A has higher average monthly returns and is relatively less risky than Company
Answer: D
NEW QUESTION 56
A technology and design company has created a new type of keyboard with different letter placement to make typing easier and more efficient. This new design is also cheaper to manufacture, and the company is able to price the keyboard lower than its competitors. However, sales have been extremely low. What is the MOST likely explanation?
- A. Consumers’ demand for keyboards is relatively inelastic.
- B. Consumers have strong loyalty to existing keyboard manufacturers.
- C. Consumers find it difficult to switch keyboards once they have learned to type.
- D. Consumers do not understand the company’s differentiation strategy.
Answer: C
NEW QUESTION 57
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