Author Question: Given the part worths above, which lightbulb will be preferred in the market, a super bright bulb ... (Read 118 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
Given the part worths above, which lightbulb will be preferred in the market, a super bright bulb that is 100 watts but burns out in 1500 hours and sells for 2.50, or a long life bulb that lasts 2500 hours, is 75 watts and sells for 3.00?
 a. the super bright bulb
  b. the long life bulb
  c. The two bulbs will be equally preferred.
  d. There is no way of determining this without more data.

Question 2

Which of the following is most appropriate if the purpose of the regression analysis is forecasting?
 a. standardized regression coefficient ()
  b. Y-intercept
  c. coefficient of determination (R2)
  d. raw parameter estimates



Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

B
The sum of the part worths for the super bright bulb is 105, whereas the sum of the part worths for the long life bulb is 110; so the long life bulb will be slightly preferred.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library