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Write two fractions that are equivalent
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Explanation & Answer
21/57 = 7/19 (divide 21 and 57 by 3/3)
21/57 = 42/114 (multiple 21/57 by 2/2)
21/57 = 7/19 = 42/114
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A finance manager employed by an automobile dealership believes that the number of cars sold in his local market can be pr ...
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A finance manager employed by an automobile dealership believes that the number of cars sold in his local market can be predicted by the interest rate charged for a loan.
Interest Rate (%)
Number of Cars Sold (100s)
3
10
5
7
6
5
8
2
The finance manager performed a regression analysis of the number of cars sold and interest rates using the sample of data above. Shown below is a portion of the regression output.
Regression Statistics
Multiple R
0.998868
R2
0.997738
Coefficient
Intercept
14.88462
Interest Rate
-1.61538
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Is interest rate charged for a loan the most important factor to be considered in predicting future car sales? Explain your reasoning.The dealership's vice-president of marketing has requested a sales forecast at the prevailing interest rate of 7%.
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MATH 160 UCSD Benefitial Struggle Questions
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QSO 510 Southern New Hampshire University Cars Sold Regression Output HW
A finance manager employed by an automobile dealership believes that the number of cars sold in his local market can be pr ...
QSO 510 Southern New Hampshire University Cars Sold Regression Output HW
A finance manager employed by an automobile dealership believes that the number of cars sold in his local market can be predicted by the interest rate charged for a loan.
Interest Rate (%)
Number of Cars Sold (100s)
3
10
5
7
6
5
8
2
The finance manager performed a regression analysis of the number of cars sold and interest rates using the sample of data above. Shown below is a portion of the regression output.
Regression Statistics
Multiple R
0.998868
R2
0.997738
Coefficient
Intercept
14.88462
Interest Rate
-1.61538
Are there factors other than interest rate charged for a loan that the finance manager should consider in predicting future car sales?
Is interest rate charged for a loan the most important factor to be considered in predicting future car sales? Explain your reasoning.The dealership's vice-president of marketing has requested a sales forecast at the prevailing interest rate of 7%.
As finance manager, what reasons would you convey to the vice-president in recommending this forecasting model?
Is the prediction of car sales at 7% a reflection of the current downturn in the economy? How might this impact the dealership's business?
Walden University Probability Distributions Statistical Analysis
In Part I and Part II, you will solve statistical problems based on given scenarios and data sets.
In Part III, you w ...
Walden University Probability Distributions Statistical Analysis
In Part I and Part II, you will solve statistical problems based on given scenarios and data sets.
In Part III, you will create a scenario of a problem that involves a continuous random variable X that follows a normal probability distribution. You will need to use the normal probability rules to solve that problem.
4 pages
Z Or T Confidence Intervals.edited
Confidence intervals depict a specific range of values within which an expected outcome of the hypothesis can be located. ...
Z Or T Confidence Intervals.edited
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