Author Question: How should the loan officer interpret the coefficient on x3? A) For every additional 8,000 spent ... (Read 81 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
How should the loan officer interpret the coefficient on x3?
 
  A) For every additional 8,000 spent on advertising, we would expect the total dollar value of residential loans to increase by 1,000,000 on average, assuming that all the other independent variables in the model are held constant.
  B) For every additional dollar spent on advertising, we would expect the total dollar value of residential loans to increase by 0.08 million, assuming that all the other independent variables in the model are held constant.
  C) For every additional 80,000 spent on advertising, we would expect the total dollar value of residential loans to increase by 1,000,000, assuming that all the other independent variables in the model are held constant.
  D) For every additional 1000 spent on advertising, we would expect the total dollar value of residential loans to increase by 80,000 on average, assuming that all the other independent variables in the model are held constant.

Question 2

Which of the following is not true for an exponential distribution with parameter ?
 
  A) Mean = 1/
  B) Standard deviation = 1/
  C) The distribution is completely determined once the value of  is known.
  D) The distribution is symmetric around the mean.



kjo;oj

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library