Refer to Scenario 2. What are the units of measurement for the standard error of the estimate?
What will be an ideal response?
The standard error of the estimate is always in the same units as the dependent variable, in this case dollars, specifically $7,211.85.
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Wages that are higher than the current market wage:
A) reduce the cost of production of various goods. B) lower the aggregate price index. C) dissuade workers from shirking. D) lower the productivity of workers.
Dividing the dividend payment by the stock's closing market price determines the
A) dividend yield. B) coupon payment. C) price-earnings ratio. D) selling price of the stock.
Assume that the interest rate on a federally insured deposit declines from 15 percent per annum to 10 percent. If an individual holding a U.S. Treasury bill worth $2,500 plans to sell it after this drop in interest rate, he would realize (approximately) a:
a. capital gain worth $99. b. capital loss worth $100. c. capital gain worth $100. d. capital loss worth $99.
An increase in the base consumption of a consumer results in a(n):
a. upward shift of the consumption function b. downward shift of the consumption function. c. upward rotation of the consumption function. d. downward rotation of the consumption function.