a) Using the Excel output, the partners created the following regression equation: Estimated Accounting fee = 0.94

Fantastic news! We've Found the answer you've been seeking!

Question:

a) Using the Excel output, the partners created the following regression equation:

Estimated Accounting fee = 0.94 + 0.08 Tax preparation + 0.05 Managing payroll + 0.09 Auditing

Is this equation correct or wrong? Briefly explain your answer.

Posted Date: May 17, 2024 08:06 PM

See More Questions

Given the following data: Calculate ÎH for the reaction On the basis of enthalpy change, is this a useful reaction for the synthesis of ammonia? AH - 92 kJ () + AH = -484 k (g) ON OH 88
Write a paragraph explaining why net income that is substantially higher than cash flow from operations may indicate manipulation of earnings.
1. Treating year as the independent variable and the winning value as the dependent variable, find linear equations relating these variables (separately for men and women) using the data for the...
Determine the maturity date and compute the interest for each of the following notes: Date of Note a. July 10 b. C. d. e. April 25. May 19 June 10. October 29 Principal Interest Rate (%) Term $ 7,200...
Assume a speculator anticipates that the spot rate of the franc in three months will be lower than todays three-month forward rate of the franc, $0.50 = 1 franc. a. How can this speculator use $1...
What is the command to check if /archive has been mounted
The following information was obtained from the books of Burghduff Products for the month of March: Cash Account Information: Balance on February 28 $2,223.00 Receipts 1,715.00 Payments 2,015.00...
1. Briefly explain the concept of stocks and their importance in financial markets. 2. Explain what common stock represents and its ownership features. 3. Illustrate the risk associated with common...
Rowan Company is considering two alternative investment projects. Each requires a $269,000 initial investment. Project A is expected to generate net cash flows of $79,000 per year over the next six...
2. Create a file named fname.txt with the following data. 7.1 8.2 9.3 10.4 11.5 12.6 Write a program that reads the file created above and stores the data into an the array named fname_coursework:....
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity - based costing system that has four activity...
sin Q: 4 Differentiate the xnx, x>0 w.r.t. x. Q: 5 Find the equation of the tangent to the curve (x-7) (x-2)(x-3)' point where it cuts the x-axis.
Geometric Mean Distance for each circuit in Fig.2 is 10.743m .Geometric mean radius for circuit A is 0.481m and for circuit B is 0.153m.Find the total inductance for the circuit A and B. 9m a 6m 6m...
The column shown in the figure is fixed at the base and free at the upper end. A compressive load P acts at the top of the column with an eccentricity e from the axis of the column. Beginning with...

a) Using the Excel output, the partners created the following regression equation: Estimated Accounting fee = 0.94

Question:

Expert Answer:

Students also viewed these mathematics questions