A procedure for using sample data to find the estimated regression equation is
a. point estimation. b. interval estimation.
c. the least squares method. d. extrapolation.
c
RATIONALE: The least squares method is a procedure for using sample data to find the estimated regression equation.
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Indicate whether the statement is true or false
One way for a retail merchant to avoid liability in a false arrest suit by a customer suspected of shoplifting is to prove that
a. no security guard was on duty. b. the customer consented to being detained. c. the store manager was new. d. the customer really didn't shoplift.
If a company incorrectly records a payment as an asset instead of an expense, how will this error affect net income in the current period?
A. Net income will never be affected by this error because assets are reported on the balance sheet. B. Net income will be too high. C. Net income will not be affected by this error in the current period, but will be too low in a later period. D. Net income will be too low.
Well-known manufacturers such as Nike, Liz Claiborne, and Mikasa have decided the most profitable way to dispose of out-of-season and irregular stock is to open stores and sell their own merchandise. These stores are types of:
A. seasonal outlets B. mass merchandisers C. factory outlets D. discount stores E. bargain basements