When using regression analysis for forecasting, the confidence interval indicates
A) the degree of confidence that one has in the equation's R2.
B) the range in which the value of the dependent variable is expected to lie with a given degree of probability.
C) the degree of confidence that one has in the regression coefficients.
D) the range in which the actual outcome of a forecast is going to lie.
B
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Refer to the figure below. If Mallory and Rick are the only two consumers in this market and the price of soda increases from $0.75 to $1.00 per can, the quantity of soda demanded in the market will ________ by ________ cans per week.
A. decrease; 20 B. increase; 40 C. increase; 20 D. decrease; 40
The income effect describes the:
A. increase in the quantity of labor supplied in response to a higher wage. B. decrease in the quantity of labor supplied due to the greater demand for leisure caused by a higher income. C. decrease in the quantity of labor supplied in response to a lower wage. D. increase in the quantity of labor supplied due to the greater demand for leisure caused by a higher income.
Increases in income from other sources than employment can cause the labor ____ curve to shift ____. a. demand; right. b. demand; left
c. supply; right. d. supply; left.
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.