Author Question: You love bananas. Due to a bad crop harvest, supply of bananas dropped in half. The price for ... (Read 86 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
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

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

c

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library