Suppose that the estimated regression equation of a College of Business graduates is given by: y = 20,000 + 2000x + 1500D, where y is the starting salary, x is the grade point average and D is a dummy variable which takes the value of 1 if the student is a finance major and 0 if not. A hotel management major graduate with a 3.5 grade point average would have an average starting salary of:
a. $22,000.
b. $27,000.
c. $28,500.
d. $20,000.
B
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A note in which the maker does not pay or renew at maturity is called a
a. promissory note; b. cosigned note; c. dishonored note; d. discounted note; e. non-interest bearing note
What is the correct formula for cell B5?
a) =B2*(1-B4)+B3-B1
b) =B2-B4+B1-B3
c) =B2*(1-B4)+B1-B3
d) =B2*(1-B4)-B1+B3
e) =B2/(1-B4)*B1*B3
List and describe five tips to remember about the Five Continua of Responses
What will be an ideal response?
Ada is the maker of a note, on which Bart is secondarily liable. Credit Instruments Company is the current holder of the note. Bart will be obli¬gated to pay the note if
a. Ada defaults on the note. b. Credit Instruments breaches a transfer warranty. c. Credit Instruments negotiates the note to Delta Collection Agency, a third party. d. Credit Instruments presents the note for payment.