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7nadin3
2 months ago
9

Janice​ Carrillo, a​ Gainesville, Florida, real estate​ developer, has devised a regression model to help determine residential

housing prices in northeastern Florida. The model was developed using recent sales in a particular neighborhood. The price​ (Y) of the house is based on the size​ (square footage​ = X) of the house. The model​ is:
Y = 13.473 + 37.65X

The coefficient of correlation for the model is 0.63

a. 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
c. If you were going to use multiple regression to develop such a model, what other quantitative variables you might include?
d. What is the value of the coefficient of determination in this problem?
Business
1 answer:
arsen [3.4K]2 months ago
8 0

Response:

I simply require points

Clarification:

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2. The city of Glendale borrows $48 million by issuing municipal bonds to help build the Arizona Cardinals football stadium. It
soldi70 [3635]

Response:

$5,917,965.66 annually

Clarification:

The sum of $48 million accounts for the total of all annuities after a decade. To determine how much the city of Glendale must allocate each year, we use the present value of annuity equation, outlined below.

P   = PV ×  r / 1 − (1+r)−n

Where P is the payment amount

PV = present value of annuity: $48,000,000.00

r = interest rate: 4 % = 0.04

n: number of periods: 10

P = $48,000,000 x {0.04/(1-(1+0.04)-10}

P = $48,000,000 x {0.04/ 1-0.6755641688)

P =$48,000,000x (0.04/0.3244358312)

P= $48,000,000 x 0.123290951

P= 5,917,965.66 per year

3 0
1 month ago
Project A has cash flows of –$74,900, $18,400, $26,300, and $57,100 for Years 0 to 3, respectively. Project B has cash flows of
Mariulka [3825]

Respuesta:

El Proyecto A debe ser aceptado NPV 3,948.77

El Proyecto B debe ser rechazado NPV -7,086.76

Explicación:

Calcular el valor presente de cada flujo de caja con una tasa de descuento del 11.5% utilizando la fórmula para el valor presente de un monto único:

\frac{Nominal}{(1 + rate)^{time} } = PV

la tasa para cada flujo de caja será del 11.5%

el tiempo corresponderá al año del flujo de caja

y el valor nominal de cada flujo de caja

Proyecto B:

Año 1

\frac{18400}{(1 + 0.115)^{1} } = PV  

PV   16,502.24

Año 2

\frac{22700}{(1 + 0.115)^{2} } = PV  

PV   18,258.96

Año 3

\frac{51500}{(1 + 0.115)^{3} } = PV  

PV   37,152.04

Total flujo de caja descontado: 71,913.24‬

NPV: flujo de caja descontado - inversión

71,913.24 - 79,000 = -7,086.76

El Proyecto B debe ser rechazado NPV -7,086.76

Proyecto A:

Año 1:

\frac{18400}{(1 + 0.115)^{1} } = PV  

PV   16,502.24

Año 2:

\frac{26300}{(1 + 0.115)^{2} } = PV  

PV   21,154.66

Año 3:

\frac{57100}{(1 + 0.115)^{3} } = PV  

PV   41,191.87

Total flujo de caja descontado: 78,848.77

NPV:flujo de caja descontado - inversión

78,848.77 - 74,900 = 3,948.77‬

El Proyecto A debe ser aceptado NPV 3,948.77

6 0
2 months ago
The tool crib at a large manufacturing company is responsible for providing tools to the factory workers on demand. The tool cri
Nady [3600]

Answer:

6.4 minutes

Explanation:

Daily average for small tools = 445

Working hours = 8, which translates to 8*60 = (480 minutes)

Waiting time =

\frac{[445*(\sqrt{1} )]}{[2*[480-(445*1)]]} (image of the operation in the attached file)

= [445]/[(2*35)]

= 445/70

= 6.357 minutes

3 0
2 months ago
At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o
Free_Kalibri [3773]
The adjusting entry to be made at the end of the accounting period includes a debit to Unearned revenue of $500 and a credit to Revenue for the same amount. According to the accrual accounting technique, revenues are recorded at the time of the transaction rather than when the payment is received. After receiving $800 in advance services, with $300 worth of services outstanding, the service amount performed amounts to $800 - $300 = $500.
6 0
1 month ago
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