We generally need ________ data points to get reliable regression results using the least-squares regression method.
A. at least 20
B. as many as possible
C. six to eight
D. only two
Answer: A
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A payable involves a future receipt of cash
Indicate whether the statement is true or false
In Hinson v. N&W Construction, where Hinson submitted the low bid to N&W for plumbing work to be part of a larger construction project by N&W, but then refused to do the work when construction was started by N&W, the court held that:
a. Hinson was liable for the value of the contract because N&W relied on his verbal quote of $92,000 b. Hinson was not liable for the value of the contract because N&W should not have relied on his verbal quote c. a verbal quote cannot be a promise d. Hinson was not liable because there was not a contract due to lack of proper acceptance by N&W e. none of the other choices
Which is the decimal equivalent of 7%?
A) 0.007 B) 0.07 C) 0.7 D) 7.0
For a few years now, Karen Williamson and her sister have operated an office services company that caters to small businesses in town. Recently, they got an opportunity to buy a used high-speed copy machine for $8,500 . which they considered an
excellent price. To make the purchase quickly, they agreed to pay $1,00 . now and borrow $7,500 from the seller for 60 days at 9.5% exact simple interest. What is the total amount that they will need to repay the seller at the end of the 60 days? (Use a 365-day year.)