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Author Question: Peak Previously Played Picks buys and sells used sports equipment. For the past year, the mean ... (Read 52 times)

Mimi

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Peak Previously Played Picks buys and sells used sports equipment. For the past year, the mean purchase of used sports equipment was 36 with a standard deviation of 8.
 
  Using the Microsoft Excel function NORM.DIST, find the probability that the next person who comes in to buy used equipment will pay more than 40.
  A) 30.85
  B) 69.15
  C) 24.20
  D) 95.60

Question 2

The model yt = 8 + 2.5xt + 0.35yt-1 is estimated using regression analysis applied to time-series data. What is the effect of a 1-unit increase in x in period t?
 
  What will be an ideal response?


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jxjsniuniu

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Mimi

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


diana chang

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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