Which of the following inferences can be drawn from the scatter chart given below?

image

a. The residuals have a constant variance.

b. The model captures the relationship between the variables accurately.

c. The model underpredicts the value of the dependent variable for intermediate values of the independent variable.

d. The residual distribution is not normally distributed.


Answer: d. The residual distribution is not normally distributed.

Business

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The objective of the Economic Order Quantity model is to reduce total inventory costs by minimizing carrying costs and ordering costs

Indicate whether the statement is true or false

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Why might a retailer be interested in using the Census of Retail Trade, which classifies retailers according to the North American Industry Classification System (NAICS) codes?

What will be an ideal response?

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Investors in bonds sometimes hold a _____ option, meaning they can force the issuing company to repay the bonds prior to maturity under specified contractual conditions

a. convertible b. call c. put d. serial e. short-term

Business

Melina sees herself as a trendsetter in fashion amid her friends and family. Though she dresses in a subtle manner to work, she tries to set a trend portraying herself as a fashionista. In this case, Melina is trying to project her _____

a. real self-image b. personality c. ideal self-image d. social class

Business