The Y-intercept,b₀,of the least squares line represents the:

A) estimated average value of Y when X = 0.
B) estimated average change in Y per unit change in X.
C) predicted value of Y.
D) variation around the sample regression line.

Seven years before it matures the value of a $1,000 strip bond is $672. What is the semi-annually compounded nominal interest rate?

A) 5.76%
B) 5.84%
C) 3.10%
D) 24.40%
E) 2.88%

Consider the following partial ANOVA table: The numerator and denominator degrees of freedom (identified by asterisks) are:

A) 4 and 15
B) 3 and 16
C) 15 and 4
D) 16 and 3
E) 6 and 16

The p-value of a test is the:

A) smallest α at which the null hypothesis can be rejected
B) largest α at which the null hypothesis can be rejected
C) largest β at which the null hypothesis cannot be rejected
D) smallest α at which the null hypothesis cannot be rejected
E) largesta α t which the null hypothesis cannot be rejected

An online discount broker charges a transaction fee of $30 plus an additional 3 cents per share. A full-service broker charges a commission rate of 2.4% of the total dollar value of a stock transaction. Suppose you purchase 200 shares of the Bank of Nova Scotia at $55.40 per share. What percentage are the total fees charged by the online discount broker of the commission you would pay the full-service broker?

Determine the periodic payment for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral.