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Author Question: You love bananas. Due to a bad crop harvest, supply of bananas dropped in half. The price for ... (Read 97 times)

jrubin

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on: Jul 1, 2018
You love bananas. Due to a bad crop harvest, supply of bananas dropped in half. The price for bananas is expected to double in the near future. As a result,
 a. your demand for banana will increase when the price doubles
  b. your demand for banana increases today.
  c. your demand for peanut butter decreases today
  d. it does not affect your demand as you love bananas

Question 2

Which is NOT true about the coefficient of determination?
 a. As you add more variables, the R-square generally rises.
  b. As you add more variables, the adjusted R-square can fall.
  c. If the R-square is above 50, the regression is considered significant.
  d. The R-square gives the percent of the variation in the dependent variable that is explained by the independent variables.
  e. The higher is the R-square, the better is the fit.


trog

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


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