Author Question: How should the loan officer interpret the coefficient on x3? A) For every additional 8,000 spent ... (Read 85 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?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library