Author Question: Given the part worths above, which lightbulb will be preferred in the market, a super bright bulb ... (Read 105 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?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

For a complete list of videos, visit our video library