Which of the following statements is/are not true about regression models?
A) Estimates of the slope are found from sample data.
B) The regression line minimizes the sum of the squared errors.
C) The error is found by subtracting the actual data value from the predicted data value.
D) The dependent variable is the explanatory variable.
E) The intercept coefficient is not typically interpreted.
C, D
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Accounting rate of return is calculated as:
a. Average investment in the project divided by the average annual profits. b. Average annual profits from project divided by the average investment in project. c. Total annual profits from life of project divided by the average investment in the project. d. Average annual profits from project minus average investment in project.
The study of the legal environment of business is characterized by ________ thinking skills
A) autocratic B) subjective C) critical D) doctrinal
Which of the following is not true regarding the application of a marketing concept?
A. A marketing concept should encompass managerial awareness and appreciation of the consumer's role in the firm's existence. B. Companies that base their business on the marketing concept maintain a focus on delivering value to the customer in any profitable way they can. C. In a marketing concept, there should be general managerial appreciation of the role of marketing intelligence in determining the needs and wants of customers. D. In a marketing concept it is not necessary for all areas of a firm to be customer oriented, but it is absolutely necessary for sales and marketing to be so. E. A marketing concept puts the customer in the center of a firm's thinking in terms of both strategy and operations.
A quasi contract is another name for an oral contract
a. True b. False Indicate whether the statement is true or false