All of the following about multiple regression are true EXCEPT:
A) R2 cannot be less than the highest bivariate r2 between an independent variable and the dependent variable.
B) R2 will be larger when the correlations between independent variables are low.
C) If the independent variables are uncorrelated, then R2 will be the sum of the bivariate r2 of each independent variable with the dependent variable.
D) Adjusted R2 adjusts for the number of independent variables and sample size.
E) R2 can decrease as more independent variables are added to the regression equation.
E
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Figure 4.3 represents the domestic market for gasoline in the United States. What is the consumer surplus in this market?
a. 60 gallons of gasoline
b. $120
c. $60
d. $3
The master budget normally covers:
A. 1-5 years. B. 1 year. C. 5-10 years. D. 3 months.
The perpetual system requires that each sale of merchandise has two entries: the revenue side and the cost side.
Answer the following statement true (T) or false (F)
?Assume that two firms are both following generally accepted accounting principles. Both firms commenced operations two years ago with $1 million of identical fixed assets, and neither firm sold any of those assets or purchased any new fixed assets. The two firms would be required to report the same amount of net fixed assets on their balance sheets as those statements are presented to investors.
Answer the following statement true (T) or false (F)