While downloading a license to a software program, Harriet reads the "Terms of Agreement" document which states that the company is not liable for any unforeseen damages that arise from the software. Harriet clicks "Accept" and continues to install the program. The document is an example of a(n) ________.
A. digital signature
B. digital identification
C. licensing agreement
D. implicit contract
Answer: C
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We are interested in determining what type of model best describes the relationship between two variables x and y.
a.For a given data set, an estimated regression equation relating x and y of the form
= b0 + b1x was developed using Excel. The results are shown below. Comment on the adequacy of this equation for predicting y. Let ? = .01.
?
SUMMARY OUTPUT
Regression Statistics
Multiple R0.5095
R Square0.2596
Adjusted R Square0.1362
Standard Error2.0745
Observations8
?
ANOVA ?
df
SS
MS
F
Significance F
Regression1
9.0536
9.0536
2.1037
0.1971
Residual6
25.8214
4.3036
Total7
34.875
?
Coefficients
Standard Error
t Stat
P-value
Intercept2.7857
1.6164
1.7234
0.1356
x0.4643
0.3201
1.4504
0.1971
?
b.An estimated regression equation for the same data set (as in part a) of the form
= b0 + b1x + b2x2 was developed. The Excel output is shown below. Comment on the adequacy of this equation for predicting y. Let ? = .01.
?
SUMMARY OUTPUT
Regression Statistics
Multiple R0.9680
R Square0.9370
Adjusted R Square0.9118
Standard Error0.6628
Observations8
ANOVA ?
df
SS
MS
F
Significance F
Regression2
32.6786
16.3392
37.1951
0.0010
Residual5
2.1964
0.4393
Total7
34.875
?
Coefficients
Standard Error
t Stat
P-value
Intercept-2.8393
0.9247
-3.0706
0.0278
x3.8393
0.4714
8.1437
0.0005
x-squared-0.375
0.0511
-7.3335
0.0007
?
c.Use the results of Part b and predict y when x = 4.
What will be an ideal response?
According to the BCG growth-market share matrix, ________ are strategic business units with products that have a small share of a slow-growth market
A) dogs B) exclamation points C) cash cows D) stars E) question marks
Understating ending inventory understates both current and total assets.
Answer the following statement true (T) or false (F)
Customers __________.
a. Enjoy waiting b. Dislike waiting c. Find value in waiting d. Gain satisfaction from waiting