RM
Rosmah Moffat
Answers (6)
RM
Answered
A company that produces lawn chairs uses market surveys and linear regression to develop a demand function based on the wholesale price.The demand function is q = -110p + 7,500.At a price of $45,how many lawn chairs are demanded?
A) 1,750
B) 2,550
C) 4,950
D) 12,450
A) 1,750
B) 2,550
C) 4,950
D) 12,450
On Jul 09, 2024
B
RM
Answered
How much more money is required to fund an ordinary perpetuity than a 30-year ordinary annuity if both pay $5,000 quarterly and money can earn 5% compounded quarterly?
On Jun 14, 2024
$309,914.24
RM
Answered
A population has a mean of 606 and a standard deviation of 23. For a sample of N = 500, what is the population standard error of the mean 
?
A) .10
B) 1.02
C) 1.03
D) 1.1
?A) .10
B) 1.02
C) 1.03
D) 1.1
On Jun 09, 2024
C
RM
Answered
When the null hypothesis is not rejected, it is
A) possible a Type I error has occurred.
B) possible a Type II error has occurred.
C) not possible a Type II error has occurred.
D) possible either a Type I or a Type II error has occurred.
A) possible a Type I error has occurred.
B) possible a Type II error has occurred.
C) not possible a Type II error has occurred.
D) possible either a Type I or a Type II error has occurred.
On May 13, 2024
B
RM
Answered
When you have a direct correlation,both variables change in the same direction.
On May 10, 2024
True