What are the assumptions made by the regression model in estimating the parameters and in significance testing?
What will be an ideal response?
1. The error term is normally distributed. For each fixed value of X, the distribution of Y is normal.
2. The means of all these normal distributions of Y, given X, lie on a straight line with slope b.
3. The mean of the error term is 0.
4. The variance of the error term is constant. This variance does not depend on the values assumed by X.
5. The error terms are uncorrelated. In other words, the observations have been drawn independently.
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Which of the following is most characteristic of a fully engaged employee at work with respect to Maslow’s hierarchy?
a. powerful in self-actualization without the need to fulfill lower levels b. achievement of physiological and safety needs c. fulfillment of all levels of the hierarchy d. no need for recognition for personal achievements
Identify a true statement about a limited liability company (LLC).
A. A limited liability company (LLC) has a maximum of 100 stockholders (owners). B. A limited liability company (LLC) offers the limited personal liability associated with a corporation. C. A limited liability company (LLC) has only one type of stock (membership interest). D. A limited liability company (LLC) is taxed as a partnership, which means the stockholders are subject to double taxation. E. A limited liability company (LLC) is liable for the negligence, irresponsibility, or similar acts committed by any partner.
Organic Farms Company contracts to buy two tracts of land from Prime Bottomland, Inc Both parties believe that the two tracts are adjacent, but in fact they are not. Prime Bottomlandis still willing to sell the land, but under these circumstances the deal would adversely affect Organic Farms. The parties' belief about the adjacency of the property is
a. a bilateral mistake. b. a fraudulent misrepresentation. c. a unilateral mistake. d. unconscionable.
Lena borrows from Mac and Nicol, using the same collateral for both loans. Only Nicol has a perfected security interest. Lena defaults on both loans. The party with first rights to the collateral is A) Lena
B) Mac and Nicol, in proportion to Lena's debt to each. C) Mac only. D) Nicol only.