Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Management Studies


Home >> Business Management

Rhonda Clark, a Slippery Rock, Pennsylvania, real estate developer, has devised a regression model to help determine residential housing prices in northwestern Pennsylvania. The model was developed using recent sales in a particular neighborhood. The price ( Y ) of the house is based on the size (square footage 5 X ) of the house. The model is:

a) The coefficient of correlation for the model is 0.63.  Use the model to predict the selling price of a house that is 1,860 square feet.

b) An 1,860-square-foot house recently sold for $95,000. Explain why this is not what the model predicted.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92011870

Have any Question?


Related Questions in Business Management

Wat is the public policy exception to employment at will

What is the public policy exception to employment at will? What's an example of a termination that may be construed as an exception to employment at will based on public policy.

Discuss the issues surrounding the profitability of slavery

Discuss the issues surrounding the profitability of slavery and the likelihood of its future profitability in the near term as well as the long run (today).

Imagine that your team has a very passionate but powerful

Imagine that your team has a very passionate but powerful older team member who often speaks over others. You know you need to keep everyone equal in the team if you are to hold effective meetings to solve customer servi ...

Define disparate impact and disparate treatment how do they

Define disparate impact and disparate treatment. How do they differ?

Is it better to be a maximizer or satisficer when making

Is it better to be a maximizer or satisficer when making decisions? Support your position with facts, studies, examples and application of course concepts.

Truefalse questions no explanation is neededa on a

True/False Questions (NO explanation is needed): (a) On a Windows-based laptop computer the SECURITY registry file maintains a list of the host computer's wireless connections. (b) IEEE 802.11 Security Standard WEP (Wire ...

Aaninformationretrievalsystemhasacertainpairofaverageprecisi

(a) An information retrieval system has a certain pair of average precision and recall values when the system returns 10 documents in response queries. Would the precision and recall rate remain unchanged if the system w ...

Importance of citi training and analyze how this used in

Importance of Citi training and analyze how this used in the business world.

What does it mean to differentiate a service how can you

What does it mean to differentiate a service? How can you use it to increase target market interest?

Describe in full sentences the hypothesis testing steps in

Describe in full sentences the hypothesis testing steps in statistics & provide an example to solve by using hypothesis testing.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved