(a) The equilibrium price and quantity of dog walks in Harrisonburg are $15 per walk and 150 walks per week, respectively.
The consumer surplus and producer surplus are $1125 and $1875, respectively.
(b) After the implementation of the new tax, the equilibrium price that consumers pay would be $15.9 per walk, while the price producers receive would be $12.6 per walk, and the number of dog walks that occur would decrease to 120 per week.
(c) The tax revenue generated by this new tax would be $540 per week. The consumer surplus and producer surplus after the tax is implemented are $961.20 and $1588.80, respectively.
(d) The tax generates a deadweight loss of $70.20 per week.
(e) If supply is perfectly inelastic at the original equilibrium quantity, then the equilibrium price that consumers pay would increase by the full amount of the tax, while the price producers receive would remain unchanged.
The number of dog walks would not change, and the tax revenue would be $450 per week. The deadweight loss would still be $70.20 per week.Overall, the new tax would result in a decrease in the number of dog walks and an increase in the price that consumers pay.
However, the impact on producer surplus would depend on the elasticity of supply. If supply is elastic, then producers would bear most of the burden of the tax, while if supply is inelastic, then consumers would bear most of the burden.
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Sometimes a company may need to purchase goods or services that are unique, very complex, and/or extremely expensive. These would not be routine purchases, but there may be a number of vendors that could supply what is needed. What process would be used to transmit the company's needs to the potential suppliers, asking for a detailed response to the needs? It is called Blank 1:
Request for proposals (RFPs) are a method of communicating a company's needs to potential suppliers and requesting a thorough response to those demands.
Define request for proposal.A request for proposals (RFP) is a document that asks prospective suppliers to submit business bids. This request is frequently issued through a bidding procedure by an organization or company interested in purchasing a good, service, or valued asset.
An RFP is submitted when a business requires more specific information about the product or service itself, but a Request For Quote is provided when a firm already knows what they want to buy and merely needs more information about the pricing.
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( By the way, this is a question related to financial accounting.) International Investment Group is looking to invest $95,000 into a company. Where should International Investment Group look for relevant information about the company's performance? A. The company's Management Books B. The company's Tax Books C. The company's Budgets D. The company's Financial Books
Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
__________ work schedules are associated with good child adjustment. Group of answer choices Weekend Full-time Flexible Night-time
Flexible work schedules are associated with good child adjustment.
What is Schedule?
This is defined as planned activities which are to be done at a particular time.
Good child adjustment requires a flexible work schedule because any thing can come up when taking care of a child which is why it's the most appropriate choice.
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what were capital resources in the kingdom of mocha
Answer:
Bartering and the use of natural resources
Explanation:
It is correct
Which line of code will print I like to code on the screen?
O print("I like to code")
O print (I like to code)
O print("I LIKE TO CODE")
Oprint = I like to code
Helppp pleaseee
Answer:
the first one I think I'm not 100% sure tho
Answer:
O print(I like to code)
Explanation:
I do not know if it is correct though.
refer to figure 4-8. if price in this market is currently $14, there would be a
O A. shortage of 20 units and the law of demand predicts that the price will rise from $14 to a higher price.
O B. excess supply of 20 units and the law of supply and demand predicts that the price will fall from $14 to a lower price,
O c. shortage of 40 units and the law of supply predicts that the price will fall from $14 to a lower price
O D. surplus of 40 units and the law of supply and demand predicts that the price will fall from $14 to a lower price
The correct option is D, If the price in this market is currently $14, there would be a surplus of 40 units and the law of supply and demand predicts that the price will fall from $14 to a lower price.
What is a surplus?A surplus explains the amount of an asset or resource that increases the portion that's actively utilized. A surplus can mention to a host of apart items, including income, profits, capital, and goods. In the context of stocks, a surplus explains products that remain sitting on store shelves, unpurchased. In budgetary references, a surplus occurs when income earned grows over expenses paid. A budget surplus can also occur within governments when there's a balance in tax revenue after all government programs are fully financed.
The correct option is D, If the price in this market is currently $14, there would be a surplus of 40 units and the law of supply and demand predicts that the price will fall from $14 to a lower price.
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A _________________ is an amount due from another party.
Answer:
A receivable is an amount due from another party.
Explanation:
A receivable is an amount due from another party. Receivable means payment not being realised.
What does the word receivable mean?The word receivable refers to the payment not being realised. This means that the company must have extended a credit line to its customers. Usually, the company sells its goods and services both in cash as well as on credit.
When a company extends credit to the customer, the sale is realised when the invoice is generated, but the company extends a period for the customers to pay the amount after some time. The period could vary from 30 days to a few months. Account Receivables (AR) are treated as current assets on the balance sheet. Let's understand AR with the help of an example. Suppose you are a manufacturer of M/S XYZ Pvt Ltd and you manufacture tyres. Accounts receivable is the amount owed to a company resulting from the company providing goods and/or services on credit.
The term trade receivable is also used in place of accounts receivable.
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In what ways have the marketing strategies affected the
activities of the Manufacturing Operations and Supply Services
departments
Case 5
Concept Design Services
Stuart Chambers and Nigel Slack
The system and organization that creates a product that may prove sold to a consumer are known as manufacturing operations. Examining what consumers want, acquiring materials, and producing a product are all steps in the process. The processes for product distribution and inventory control are also included.
Unlike maintenance, supply and distribution, health and safety, emergency response, human resources, security, information technology, and other organizations that support the infrastructure, manufacturing operations are concerned with the running of a plant.
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.Suppose that price increases by 18%, which causes quantity supplied to increase by 18%. Which of the following are true? Select all that apply:
The slope of the supply curve is 1.
The elasticity of the supply curve with respect to price is 1.
The supply is price elastic.
The slope of the supply curve cannot be calculated.
If the price increases by 18%, which causes quantity supplied to increase by 18%, the statements which are true are 'The elasticity of the supply curve with respect to price is 1' and 'The supply is price elastic'. Therefore, the correct option is 2 and 3.
To understand why, we need to remember that elasticity measures the responsiveness of quantity demanded or supplied to changes in price. Specifically, elasticity is the percentage change in quantity divided by the percentage change in price.
If the price increases by 18% and the quantity supplied also increases by 18%, we can say that the supply curve has a unitary elasticity (i.e. an elasticity of 1). This means that the percentage change in quantity supplied is exactly equal to the percentage change in price, so the supply curve is neither elastic nor inelastic but rather "unit elastic".
However, we cannot conclude that the slope of the supply curve is 1. The slope of a supply curve measures the change in quantity supplied divided by the change in price, and it reflects the willingness of suppliers to produce more as the price increases. It is possible for a supply curve to have a slope that is steeper or flatter than 1, depending on the specific market conditions and production costs.
Finally, we cannot say for sure whether the supply is price elastic or not, because this depends on the price elasticity of supply (PES), which is a measure of the responsiveness of quantity supplied to changes in price over a range of prices, not just a single point.
However, we can infer that the supply is likely to be price elastic in this case, because the quantity supplied increased by the same percentage as the price, indicating that suppliers were able and willing to increase their output relatively easily. A more elastic supply curve means that suppliers can increase their output even more in response to a price increase, while a less elastic supply curve means that suppliers are more constrained in their ability to respond.
Hence, the correct answer is option 2 and 3.
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Chin needs more money in his net pay each month so he plans to reduce his federal income tax deduction from 12% to only 11% his monthly gross pay is $3500 in his deductions before they change a list in the table what will be his new monthly net pay round your answer to the nearest dollar
Answer:
$2891
From online search: The table and multiple-choice answers to this questions are as below
The table
Deduction Dollar Amount
Federal Income Tax $420
State Income Tax $95
Social Security $89
Medicare $40
multiple-choice answers
$2821
$2857
$2860
$2891
Explanation:
Chin wants to reduce the federal income tax deduction from 12% to only 11% .
The new federal income tax will be
=11% of $3500
=11/100 x 3500
=0.11 x 3500
=385.
Total deductions will be as follows
Federal Income Tax $385
State Income Tax $95
Social Security $89
Medicare $40
Total= $609
The new net income
= $3500 - $609
=$2,891
Answer:
so D thx
Explanation:
review of the nigerian economy
Answer:
amazing
Explanation:
When a worker at a toilet paper mill uses the machines to turn pulpwood into rolls of paper, the worker is taking part in a:.
By engaging in the aforementioned activities, the worker is engaged in the Transformation process.
What is the transformation process?Refers to activities that go into converting raw materials into finished goods for customers. It does this by taking those raw material inputs and adding value to them.By taking the raw materials of pulpwood and then transforming them into the finished goods of toilet rolls, this is known as the transformation process.
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Which of the following is an advantage of starting your own business?
Answer:
The most common reason people launch their own business is to be their own boss. Other benefits include flexibility, financial rewards, the opportunity to innovate, and a chance to impact your community. Still, there are serious risks to launching your own business, and you should carefully consider and plan before you take the leap.
Explanation:
Question 20 of 20
What do consumer protection laws protect?
OA. Your rights and privacy when making transactions
OB. Your credit score and credit card number
C. The rights and privacy of companies
D. Companies from consumers who make transactions
SUBMIT
Answer:
A your rights and privately when making a transaction
Cinqua Terra Incorporated issued 10-year bonds three years ago with a coupon rate of 7.75% APR. The bonds pay semiannual coupons, have a face value of $1,000 each and were issued at par value. Cinqua Terra bonds currently trade at $1,066.00. Given your answer to the 6-month return. What is the yield to maturity (a5 an EAR) for holding the bond? Leonard Cooper is iooking to invest in a two-year bond from Big Bang Productions Corporation. The company makes semi-annual coupon payments of $73.00 (every 6 months) with a face value of $1,000. If the market price of the bonds is $1,043.00, what yield to maturity will Leonard earn (express as an EAR)?
The yield to maturity (YTM) for Cinqua Terra Incorporated bonds is approximately 3.72% EAR, and Leonard Cooper will earn a yield to maturity of approximately 3.27% EAR on the two-year bond from Big Bang Productions Corporation.
To calculate the yield to maturity (YTM) for the Cinqua Terra bonds, we need to find the interest rate that equates the present value of the future cash flows (coupon payments and face value) with the current market price of the bond.
Using the financial calculator, we can input the following values:
N = 14 (number of semiannual periods remaining, 10 years - 3 years = 7 years * 2 = 14)
PV = -1066 (negative because it represents an outflow)
PMT = 7.75% * 1000 / 2 = 38.75 (semiannual coupon payment)
FV = 1000 (face value)
Solving for I/Y (interest rate), we find that the YTM is approximately 1.86% semiannually. To convert it to an effective annual rate (EAR), we use the following formula:
EAR = (1 + (YTM/2))^2 - 1
Calculating this expression, we find that the YTM for the Cinqua Terra bonds is approximately 3.72% EAR.
For the bond from Big Bang Productions Corporation, we can follow a similar approach. Plugging in the given values:
N = 4 (number of semiannual periods remaining, 2 years * 2 = 4)
PV = -1043 (negative because it represents an outflow)
PMT = 73 (semiannual coupon payment)
FV = 1000 (face value)
Solving for I/Y (interest rate), we find that the YTM is approximately 1.635% semiannually. Converting it to an effective annual rate (EAR), we use the same formula as before:
EAR = (1 + (YTM/2))^2 - 1
Calculating this expression, we find that Leonard Cooper will earn a yield to maturity of approximately 3.27% EAR on the two-year bond from Big Bang Productions Corporation.
Therefore, the YTM for Cinqua Terra Incorporated bonds is approximately 3.72% EAR, while Leonard Cooper will earn a yield to maturity of approximately 3.27% EAR on the bond from Big Bang Productions Corporation.
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what is the biggest attraction for business considering enganing in international business?
A. The lack of domestic resources
B. The cost of labor
C. The number of burdensome regulations
D. The size of the market
Answer:
A the lack of domestic resources
The fallacy of composition involves assuming that: a. you can determine the composition of a complex product just by examining its exterior properties. b. what was true when a person was young will still be true today. c. any mistakes made in producing a product using an assembly line technique will lead to a compounding of errors as the product moves down the line. d. what is true for any individual component in a group is true for the group as a whole. e. consumer durable goods today do not last as long as they did a generation ago.
Answer:
d. what is true for any individual component in a group is true for the group as a whole.
Explanation:
Fallacy can be defined as a mistaken or false belief that are based on illogical arguments or reasoning.
However, a lot of people might actually think it to be true but it isn't. There are various types of fallacy and these include; black or white, non sequitur, ad hominem, bandwagon, appeal to authority, straw man, fallacy of composition, and oversimplification or hasty generalization.
Fallacy of composition can be defined as the error of assuming that what is true of an audience is true for the group of people as a whole.
Hence, the fallacy of composition involves assuming that what is true for any individual component in a group is true for the group as a whole.
what are the effect off high altitude on a compresspr performance?
At high altitudes, compressors experience reduced air density, decreased mass flow rate, reduced cooling effectiveness, lower power output, decreased efficiency, and increased risks of overloading and overheating.
The performance of a compressor can be affected by high altitude due to several factors. Here are the step-by-step explanations of the effects:
1. Reduced air density: As altitude increases, the air density decreases. Compressors rely on the intake of air to compress and deliver it at a higher pressure. With lower air density, the compressor receives less air per unit volume, leading to reduced compressor performance.
2. Decreased mass flow rate: The reduced air density at high altitude also results in a decrease in the mass flow rate of air through the compressor. This reduces the amount of air available for compression, leading to lower compressor performance and reduced output.
3. Reduced cooling effectiveness: Compressors generate heat during the compression process. Normally, this heat is dissipated through cooling mechanisms such as air or water cooling. However, at high altitudes, the thinner air reduces the cooling effectiveness, leading to increased operating temperatures. Elevated temperatures can negatively impact the compressor's efficiency and performance.
4. Decreased power output: Due to the reduced air density and mass flow rate, the compressor requires more power to achieve the desired compression. This leads to decreased power output, as the compressor may struggle to maintain the same level of performance at high altitudes compared to sea level.
5. Reduced efficiency: The combined effects of reduced air density, decreased mass flow rate, increased operating temperatures, and decreased power output result in reduced overall compressor efficiency at high altitudes. The compressor may operate at a lower efficiency point, requiring more energy input to achieve the same level of compression.
6. Overloading and overheating risks: In some cases, operating a compressor designed for lower altitudes at high altitudes can overload the compressor and cause overheating. The reduced performance and increased demands on the compressor can lead to excessive strain, potentially causing mechanical failures or reduced lifespan.
In summary, high altitude can have several detrimental effects on compressor performance, including reduced air density, decreased mass flow rate, decreased cooling effectiveness, decreased power output, reduced efficiency, and increased risks of overloading and overheating.
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The types of job-specific knowledge you need to perform well in a specialized field, known as _______ skills, appear to be most important for first-line managers.
Answer: technical
Explanation:
The types of job-specific knowledge you need to perform well in a specialized field, known as technical skills, appear to be most important for first-line managers.
What is skills?The term skills refer to the person ability and talent that comes to the master own her work. There are the different types of the skills such as communication skills, computer skills and graphic skills. A person is the expert to the particular field are they easily faced the problems and the efficiently performing the work.
According to the skills are the necessary to the person because it's the help to the developed of the knowledge and the experiences. There are the skills are the different types such as technical, computer, reading, listening and the other communication skills. A person was the acquired the skills on school, college, and the past job.
As a result, the job-specific knowledge to perform are the well specialized field.
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A qualification for someone working in Natural Resource Systems might be coordination and dexterity, for lifting objects while logging or mining. problem-solving skills, to prevent environmental problems. attention to detail, for performing experiments on soils and plants. creative ideas, for producing and processing food.
Answer:
A) coordination and dexterity, for lifting objects while logging or mining.
Explanation:
A qualification for someone working in Natural Resource Systems might be problem-solving skills, to prevent environmental problems. Thus the correct option is B.
What is the qualification?Qualification refers to an individual ability in terms of education or skills which helps them to apply and get selected for a particular job. This qualification involves both educational degrees as well as professional skills.
A person who is working in natural resources system should be skilled in problem-solving as a natural resource system is related to environmental activities where sudden changes caused lots of complexities.
Professional should have knowledge of environmental problems so that thye can recognize any issue arising from the activity they perform and helps in solving the problem effectively and quickly without any delay.
Therefore, option B is appropriate.
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ideas are: rivalrous. sometimes rivalrous and sometimes nonrivalrous. nonrivalrous. partly rivalrous.
The categorization of ideas as rivalrous or nonrivalrous depends on factors such as exclusivity, availability, and the ability of multiple parties to use the idea without diminishing its value or utility.
Ideas can be categorized as rivalrous, sometimes rivalrous and sometimes nonrivalrous, nonrivalrous, or partly rivalrous depending on the context in which they are used. Rivalrous ideas are those that can only be used by one person or organization at a time, and their use by one party prevents another party from using them. On the other hand, nonrivalrous ideas can be used by multiple parties simultaneously without any negative impact on their use or value. Sometimes, ideas can be partly rivalrous, meaning that some aspects of the idea are rivalrous while others are nonrivalrous. Ultimately, the categorization of ideas as rivalrous or nonrivalrous depends on factors such as exclusivity, availability, and the ability of multiple parties to use the idea without diminishing its value or utility.
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Pharoah Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Pharoah Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit 101 112 $10,100 8,900 15,700 157 158 201 $7,300 4,100 2,100 47,100 208 Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 301 306 16,000 400 429 64,100 6,200 711 726 732 8,600 56,300 15,300 $130,900 $130,900 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e... (45).) Owner's Capital No. 301 Balance Date Explanation Debit Credit July 31 July 31 July 31 Income Summary No. 350 Date Explanation Debit Credit Balance July 31 July 31 July 31 SHOW LEST OF ACCOUNTS Prepare a post-closing trial balance at July 31, PHAROAH COMPANY Post-Closing Trial Balance Debit Credit Totals
Closing entries transfer temporary account balances to Income Summary and Owner's Capital accounts. A post-closing trial balance confirms all accounts have been adjusted, and Owner's Capital balance is correct.
To post to the Owner's Capital account, we need to close the temporary accounts of Service Revenue, Rent Revenue, Depreciation Expense, Salaries and Wages Expense, and Utilities Expense. We will use the Income Summary account to do this.
First, we will transfer the balances of the temporary accounts to the Income Summary account by debiting or crediting them as necessary. Then, we will transfer the balance of the Income Summary account to the Owner's Capital account. The resulting journal entries are as follows:
Service Revenue $64,100
Rent Revenue 8,600
Income Summary $72,700
Depreciation Expense 15,300
Salaries and Wages Expense 56,300
Utilities Expense 8,600
Income Summary $80,200
Income Summary $80,200
Owner's Capital $80,200
Next, we can prepare a post-closing trial balance to ensure that all accounts have been properly adjusted and that the Owner's Capital account reflects the correct balance after closing the temporary accounts. The post-closing trial balance includes only permanent accounts and should show equal debits and credits. The resulting post-closing trial balance for Pharoah Company at July 31, 2020, is as follows:
Pharoah Company
Post-Closing Trial Balance
July 31, 2020
Debit Credit
Cash $10,100
Accounts Receivable 8,900
Equipment 16,000
Accumulated Depreciation-Equip. 4,100
Accounts Payable 2,100
Unearned Rent Revenue 400
Owner's Capital 80,200
Totals $39,100 $39,100
In summary, the process of closing the temporary accounts and transferring the balances to the Owner's Capital account results in a post-closing trial balance that only includes permanent accounts.
This helps ensure that all accounts are properly adjusted and provides an accurate representation of the company's financial position at the end of the fiscal year.
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A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.
What are programs that give eligible citizens certain items for free or at a reduced cost called?
Responses
In-Kind Benefits
Social Security programs
Temporary Assistance for Needy Families
Cash Transfer programs
Answer:
The answer is going to be A.
who was the 20th president
Answer:
Of what country? Philippines or US or what??
Answer:
Kuroo Here!
Explanation:
It was James A. Garfield
Hope This Helps!! (^ '--')
Which department handles the task of finding vendors that will provide goods at the best prices?
In two to three sentences, describe why sellers in a perfectly competitive market have no control over price.
Sellers in a perfectly competitive market have no control over price due to more sellers selling identical goods.
Prices in a perfectly competitive market are determined by the companies producing the products. The production is determined by the supply and demand of the products. A seller can not determine the price on its own as the other sellers in competition can decrease the price of the identical goods which reduces the profit of the other firms.
Since it is a perfectly competitive market, there are a huge amount of sellers and buyers. This type of market does not have any entry or exit barriers for the firms making it highly competitive for the sellers. Since every seller sells a homogenous product, there is no price control.
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Strategic decisions consider, in part, uncertainty and complexity.- True- False
Strategic decisions take into account many factors, but uncertainty and complexity are not necessarily considered.
Strategic decisions are aimed at creating long-term value and are based on assessing current and future opportunities and threats. While uncertainty and complexity may be a factor that influences strategic decisions, they are not the only elements to be considered.
Other factors include the organization's mission and vision, its goals and objectives, the competitive landscape, industry trends, political and economic environments, and the organization's capabilities. Strategic decisions are made with the understanding that the future is unpredictable, but they are also made with the knowledge that the organization can use the available data and resources to make the best possible decision for the future.
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True or false? the patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
What does receipt mean?Receipts are formal records that serve as evidence of a transaction or purchase involving money. Both stock market transactions and business-to-business exchanges issue receipts. As evidence of some expenses, receipts are also required for tax purposes.A payment receipt, also known as a receipt for payment, is a record that serves as evidence of purchase. It is supplied by a company to its clients following the receipt of payment for any good or service.The patient's receipt can assist you to understand this. You have a right to the patient's receipt under the law. This implies that if you request it, your doctor is required to give it to you. Its contents must be clearly explained and understandable to laypeople.The patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
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Given are the data for two variables, x and y. do not round your intermediate calculations x_i 6 11 15 18 20 y_i 6 8 12 20 30 a) develop an estimated regression equation for these data by computing b_1 and b_0 (to 3 decimals).
The estimated regression equation is:
ŷ = 4.44 + 0.828x
The data is available from the question is:
\(x_i\) 6 11 15 18 20
\(y_i\) 6 8 12 20 30
The estimated regression equation for these data is given by:
ŷ = \(b_0 + b_1x\)
where \(b_0\) is the y-intercept and \(b_1\) is the slope of the regression line. We can find the values of \(b_0\) and \(b_1\) using the following formulas:
\(b_1\) = (nΣxy - ΣxΣy) / (nΣx2 - (Σx)2)
\(b_0 = y - b_1X\)
where n is the number of observations,
Σxy is the sum of the products of corresponding values of x and y,
Σx and Σy are the sums of x and y values,
Σx2 is the sum of the squares of x values, x is the mean of x values, and y is the mean of y values.
=> n = 5
Σx = 70
Σy = 78
Σxy = 834
Σx2 = 710
x = Σx / n = 70 / 5 = 14
y = Σy / n = 78 / 5 = 15.6
Plug all the values in the formula.
\(b_1\) = (nΣxy - ΣxΣy) / (nΣx2 - (Σx)2) = (5834 - 7078) / (5710 - 7070) = 0.828
\(b_0\) = y - b1x = 15.6 - 0.828*14 = 4.44
Therefore, the estimated regression equation is:
ŷ = 4.44 + 0.828x
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