Answer:
Secondary Utility
Explanation:
At Baumann's Fine Meats, butchers will cut steaks to the specified thickness requested by customers and remove any extra fat. This additional service is considered Secondary Utility.
Answer:
Explanation:
A)
The formula for regression is,
ln(Cell Phone Subscribers) = -820.894 + 0.411704 Year
or,
Percentage of Cell Phone Subscribers = exp(-820.894 + 0.411704 Year)
For the year 2005,
Percentage of Cell Phone Subscribers = exp(-820.894 + 0.411704 * 2005)
= 96.79%
B)
The significance of the slope has a p-value close to 0 (0.000). Hence, the model holds statistical significance and its predictions are very reliable.