Business, 12.02.2020 17:30 akepa

An economist conducted a study of the possible association between weekly income and weekly grocery expenditures. The particular interest was whether higher income would result in shoppers spending more on groceries. A random sample of shoppers at a local supermarket was obtained, and a questionnaire was administered asking about the weekly income of the shopper’s family and the grocery bill for that week. The gender of the shopper was also obtained. The least squares line had a slope of 0.079 . The average amount by which the grocery bill increases for an increase of $100 per week is given by:a. $7.9 .b. The answer cannot be determined from the information provided. c. $0.079 .d. $10.0 .

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:50, 22iungj

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

Answers: 1

continue

Business, 22.06.2019 20:20, laidbackkiddo412

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.

Answers: 3

continue

Business, 23.06.2019 01:00, F00Dislife

What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?

Answers: 3

continue

Business, 23.06.2019 02:50, shay03littletop5kx2p

In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?

Answers: 1

continue

You know the right answer?

An economist conducted a study of the possible association between weekly income and weekly grocery...