The following estimated regression equation was developed relating yearly income (y in $1000s) of 30 individuals with their age (x1) and their gender (x2) (0 if male and 1 if female). y = 30 + .7x1 + 3x2 Also provided are SST = 1200 and SSE = 384 . The multiple coefficient of determination is
a. .32.
b. .42.
c. .68.
d. .50.
c
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Which of the following is an example of channel differentiation?
A) Berry's has an intensive training program for its customer-facing employees, to ensure a consistent service standard. B) The Swan Hotels use a distinctive signature fragrance in all outlets so that customers can associate the fragrance with the hotel. C) JEK's sophisticated customer database allows the company to handle queries and product returns much faster than competitors. D) RTZ shifted its products from supermarket aisles to exclusive stores as it realized that customers were willing to pay more in stores. E) Hayley's found success by allowing buyers to customize the color and some features of its appliances before buying them.
Which of the following guidelines for writing messages extending credit is FALSE?
a. The writer should include the credit terms. b. The writer should include the penalty fee for a late payment. c. The writer should omit any mention of sales promotion or resale. d. None of the above is false.
Which of the following legislations can a state adopt in determining whether an accountant is liable in negligence to third parties?
A) Section 2(b) of the Robinson-Patman Act B) Section 5 of the Federal Trade Commission C) Section 552 of the Restatement (Second) of Torts D) Section 16 of the Clayton Act
Alpha Company provided the following balance sheet for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 25,000 Other assets 19,950 Total assets$85,450 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (Due in ten years) 10,000 Common stock, no par 30,000 Retained earnings 29,450 Total liabilities and stockholders' equity$85,450 What is the company's plant assets to long-term liabilities ratio?
A. 2.5 B. 1.7 C. 4.5 D. None of these answers is correct.