A regression analysis between sales (in $1000s) and price (in dollars) resulted in the following equation: y = 50,000 ? 8x The above equation implies that an increase of _____
a. $1 in price is associated with a decrease of $8 in sales
b. $8 in price is associated with an increase of $8,000 in sales
c. $1 in price is associated with a decrease of $42,000 in sales
d. $1 in price is associated with a decrease of $8,000 in sales
d
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A project begins with ______.
a. an appraisal of quality to be delivered b. a statement of its goals c. an estimate of project costs d. a projection of timeline for completion
Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agreement is:
a. a requirements contract. b. an output contract. c. an illusory contract. d. an enforceable contract.
If a capital budgeting project is purchased, a firm's value, and thus its stockholders' wealth, will change by the amount of the project's _____.
A. modified internal rate of return (MIRR) B. discounted payback period (DPB) C. nondiscounted cash inflows D. cash inflows discounted at the project's internal rate of return (IRR) E. net present value (NPV)
A certain brand of batteries has a lifetime that has a normal distribution with a mean of 3,750 hours and a standard deviation of 300 hours. What proportion of these batteries will last between 3,800 and 4,100 hours?