A regression analysis involved 2 independent variables and 27 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have _____ degrees of freedom.

A. 27
B. 26
C. 24
D. 25


Answer: C

Business

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A corporation issued 8% bonds with a par value of $1,080,000, receiving a $36,000 premium. On the interest date 5 years later, after the bond interest was paid and after 40% of the premium had been amortized, the corporation called the bonds at $1,069,200. The gain or loss on this retirement is:

A. $0. B. $10,800 gain. C. $32,400 gain. D. $10,800 loss. E. $32,400 loss.

Business

Which of the following is a similarity between the foreign substance food test and the consumer expectation test?

A) They are both used to determine a buyer's knowledge of a particular food product. B) They are both used to determine a buyer's interest in a particular food product. C) They are both part of the implied warranty of fitness for human consumption. D) They are both part of the express warranty an eatery provides.

Business

The daily demand for a product is normally distributed with a mean of 80 and a standard deviation of 8. Constant lead time is 4 days. The cost of placing an order is $20. The item costs $8 and the carrying rate per year is 10% of the item cost

Determine the economic order quantity for a 365-day year.

Business

An agent is authorized to act on behalf and instead of a principal in doing business with third parties.?

Indicate whether the statement is true or false

Business