SUMMARY OUTPUTRegression StatisticsMultiple R0.971R-SquareAAdjusted R-SquareBStandard Error30.462Observations51ANOVA dfSSMSFSignificance FRegressionC747851.57373925.79402.989.89E-31Residual48D927.91 Total50792391.11 CoefficientsStandard Errort StatP-ValueLower 95%Upper 95%InterceptE62.1326.791.60E-301539.661789.51Price of Roses-6.68F-1.411.64E-01-16.162.81Disposable Income (M)9.730.34G1.23E-319.0410.42The residual sum of squares and degrees of freedom due to the regression are:
A. 1,540,242.68 and 48, respectively.
B. 44,539.54 and 2, respectively.
C. 747,851.57, and 98, respectively.
D. There is not sufficient information to answer this question.
Answer: B
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A decrease in the quantity supplied is represented by a
A) movement down the supply curve. B) movement up the supply curve. C) rightward shift in the supply curve. D) leftward shift in the supply curve.
What would happen in the market for knee replacement surgery if insurance companies started to cover a smaller portion of the cost of the surgery, and fewer doctors decide to enter the field of joint replacement surgery?
A) Supply will decrease, but this will not shift the demand curve. B) Demand will decrease and supply will increase. C) Demand and supply will both decrease. D) Demand will decrease, but this will not shift the supply curve.
Which of the following is a source of data for the investment component of U.S. GDP?
A. The Census Bureau's Retail Trade Survey. B. The Census Bureau's Housing Starts Survey and Housing Sales Survey. C. The Conference Board's Survey of Consumer Sentiment. D. The Bureau of Labor Statistics' Consumer Price Index.
Which of the following is an example of money?
A) currency inside the banks B) currency in your wallet C) credit card used as a payment for a good or service D) a debit card E) checks written as payment for a good or service