In a multiple regression model, the variance of the error term ? is assumed to be
A. the same for all values of the dependent variable.
B. zero.
C. the same for all values of the independent variable.
D. one.
Answer: C
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The U.S. insurance industry data reveal that:
A) there is an awareness of the importance of giving quick answers to customers. B) although improving, there are still significant opportunities to exceed customer expectations with better responsiveness. C) responsiveness to customer inquiries is improving. D) All of the above.
Which of the following is a not a decision that management must make before calculating ROI and RI?
A) Should nonproductive assets be included in the average total asset calculation? B) Should gross book value or net book value of assets be used? C) Should a simple average of the beginning and ending total liabilities be used? D) Should a short term focus be used?
A company borrows $125,000 from the Northern Bank and receives the loan proceeds in cash. This represents a(n):
A. Financing activity. B. Investing activity. C. Operating activity. D. Revenue activity. E. Expense activity.
________ is an increase in the price of a collection of goods that represent the overall economy
A) Income B) Inflation C) Deflation D) Utility E) Surplus