The least-squares regression line for predicting the ribeye price from the corn price is y = 4.8188 + 1.3103x

Predict the ribeye price in a month when the corn price was $6.63 per bushel

$13.51 per lb
$14.37 per lb
$8.69 per lb
$12.83 per lb

Answers

Answer 1

The price of ribeye is option A. $13.51 per lb using Least Squares Regression

The Least Squares Regression Line is the line that minimizes the sum of the residuals squared. The residual is the vertical distance among the discovered factor and the anticipated factor, and it is calculated with the aid of subtracting.

The regression line is every so often known as the "line of fine fit" due to the fact it's miles the road that suits first-rate while drawn through the points. it is a line that minimizes the gap of the actual rankings from the anticipated rankings.

Ordinary least squares regression is a manner to find the line of satisfactory fit for a fixed of information. It does this by creating a model that minimizes the sum of the squared vertical distances (residuals). The distances are squared to keep away from the problem of distances with a poor signal.

The corn price (x)= $ 6.63

Commodity (ribeye price) =  4.8188 + 1.3103x

                                           = 4.8188 + 1.3103( 6.63)

                                        =  4.8188 +8.687289

                                       = $ 13.506089

                                        = $13.51

Hence the price of ribeye is option A. $13.51 per lb.

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Related Questions

why are professions important?​

Answers

Profession is important bcz it take part in each situation of your life, if you have the profession of something u mostly like will help you in every situation of your life that’s why it is more important

Question 4 of 20
A company has a net sales revenue of $250,000. Its cost of goods sold is
$180,000. Using vertical analysis, what percentage of its revenue is spent on
its goods?
OA. 1.30%
OB. 13%
OC.7.20%
OD. 72%

Answers

the percentage of 250000 to 180000 is 72% or answer D

D
Question 23
According to John Maynard Keynes, when government invests one
billion dollars into the economy what should occur? (Standard 4.3)
2 pts
O The one billion dollars will have an impact greater than one billion dollars due
to the multiplier effect.
O Consumer spending should decrease by one billion dollars.
O I have no idea what the answer is.
O The government should adjust the tax levels in order to gain addition funds to
pay for the investment.
O The government's action should slow down economic activity.

Answers

John Maynard Keynes believed that The one billion dollars will have an impact greater than one billion dollars due to the multiplier effect.

What did John Maynard Keynes believe?

Keynes was a major advocate for the government spending money in the economy to induce economic growth.

He believed that there was a multiplier effect that would lead to any amount the government invested in the economy, having a greater impact than this investment.

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Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm will have to hire another employee and pay them $50,000 per year to run the machine. What is the initial outlay for this machine?.

Answers

Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

How much is the initial outlay?

This can be found as:

= Cost of purchasing machine + Installation and delivery cost

Solving gives:

= 237,500 + 5,750

= $243,250

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Outline the Operational Risk events that JP Morgan Chase & Co has experienced over the last 5 years

Answers

Some operational risk events faced by JP Morgan and other firm are:

Internal fraudExternal fraudDamage to physical assetsBusiness disruptionSystems failures

What is an operational risk event?

This refers to an incident or experience that has caused or that has a potential to cause some material loss to the firm either directly or indirectly with other incidents.

Some example of an operational risk involves some employee errors, criminal activity like fraud, physical events etc.

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"Do what you do best" is most consistent with which target marketing strategy?
O Concentrated
O Differentiated
O Undifferentiated
O Aggregated
O Sales-oriented

Answers

Do what you do best" is most consistent with undifferentiated target marketing strategy.

What is marketing strategy?

This is when an organization or company devised means of promoting their products to the target audience.

Undifferentiated is when a marketer overlooks the market's segment distinctions and make use of a marketing plan designed to appeal to as many individuals as possible.

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In the economy of Wrexington in 2008, consumption was 60% of GDP, government purchases were $212, imports were $67 and 67% of the value of exports, investment was one-half of the value of consumption. What was Wrexington’s GDP in 2008?

Answers

Based on the consumption, investment, imports and exports, the GDP for Wrexington in 2008 was $2,450

How much GDP did Wrexington have?

The exports were:

= 67 / 0.67

= $100

The GDP is x:

GDP = Consumption + Government spending + Investment + Net exports

x = 0.6x + 212 + (0.6 x 0.5 × x) + (100 - 67)

x = 0.9x + 245

0.1x = 245

x = $2,450

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A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How
much does the company have in Assets?

Answers

Answer: 80,000

Explanation:

Assets = Liabilities + Stockholders' equity = $23,500 + $56,500

The company's assets, an orchestra of resources and potential, amount to $80,000.

Liabilities: Liabilities are the financial footprints that a company leaves behind, representing the promises made to others to repay debts and fulfill obligations.

Stockholders' Equity: Stockholders' equity embodies the company's heart and soul, reflecting the collective contributions of its owners and shareholders, ultimately shaping the residual value that belongs to them.

Assets: Assets are the vibrant lifeblood coursing through a company's veins, encompassing all the resources it possesses, both tangible and intangible, that fuel its potential for growth and prosperity. They are the seeds of future possibilities that blossom into success.

Calculating the company's total assets, by using the accounting equation:

Assets = Liabilities + Stockholders' Equity

Assets = $23,500 + $56,500

= $80,000

Therefore, the company has $80,000 in assets.

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outline and clarify the three types of safety controls with examples and explain when hierarchical preferences of safety control apply?​

Answers

Answer:

define five runs of hierarchy of contains elimination substitution engineering controls editing status control and personal protective equipment

20pts
Income and education both represent which type of market segmentation?
O A demographic
OB. psychographic
OC. polygraphic
O D. metrographic

Answers

Answer:

Demographic

Explanation:

Income range and education levels can both be used as targeted demographics.

calculate the break even sales dollars if the fixed expenses are $7000 and the contribution ratio is 40%?

Answers

Explanation:

break even points is the situation where thier is no profit or loss

the formula for break even point is fixed cost divided by contribution

break even = fixed cost

_________

contribution

fixed cost = $7000

contribution = 40%

= 7000/40

= 175

Break even points is the situation where their is no profit or loss. The break-even sales in dollars is $17500.

Determine the volume of output or a specified ideal sales mix by performing a break-even analysis. As the meter and computations are not used by other parties like investors, regulators, or financial institutions, the study is exclusively for a company's management to use.

The formula for break even point is fixed cost divided by contribution.

Given,

Fixed cost = $7000

Contribution = 40%

Break-even sales = $7000/40%

                             = $17,500

Therefore, $17500 is the break even sales dollars.

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4. You are making a punch for an upcoming party. The recipe calls for 2½ parts ginger ale to 4/5
parts grenadine to 1% parts vodka. If your punch bowl can hold 8.5 litres, how much (in litres)
each ingredient is needed? Round the answers to two decimals as needed.

Answers

Based on the ingredients and drinks needed to make a punch bowl, the quantity of each ingredient that is needed is:

4.55 liters of ginger ale 1.45 liters of grenadine 2.5 liters of vodka

How much of each ingredient is needed?

Assuming that the amounts of each ingredient is x, the formula would be:

8.5 = 2.5x + 0.8x + 1.375x

Solving gives:

4.675x = 8.5

x = 8.5 / 4.675

=  1.818181

Using this value of x, we can then find the quantity of vodka needed to be 2.5 liters.

Grenadine would need 1.45 liters and Ginger Ale would need the highest amount of 4.55 liters.

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Suppose that you run a bank and you decide to merge with a financial services company so that you can offer your customers stocks as well as simpler investment tools, such as checking and savings accounts. When the merger occurs, you will have to restructure your company so that you don’t have duplicate efforts and so all of the employees in the new company have clearly defined work goals. This is an example of ---________, because you will move the company from an old state to a new state during a controlled period of time.

Answers

This is an example of change management because you will move the company from an old state to a new state during a controlled period of time.

What is change management?

It should be noted that change management is the approach to transition of the goals of an organization for a period of time.

In this case, when the company move the company from an old state to a new state during a controlled period of time, the change management is illustrated.

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how lack of planning can affect getting the job done as a hospitality supervisor?

Answers

The lack of planning can affect getting the job done as a hospitality supervisor as it can bring about high risks.

What is planning?

It should be noted that planning simply means the stores that are put in place to achieve a desired goal.

In this case, the lack of planning can affect getting the job done as a hospitality supervisor as it can bring about high risks in the company.

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Discuss the importance of customer service

Answers

Customer service is mostly present in malls, airports, buildings etc. Customer service is to help the customer for their needs.

If a project costing $92000 has a profitability index of 1 and the discount rate was 12%, then the present value of the net cash flows was

a. undeterminable.
b. less than $92000.
c. $92000.
d. greater than $92000.

Answers

The present value of the net cash flows was $92,000.

Given,

Project costing = $92000

Profitability index = 1

the discount rate was 12%

The profitability index (PI) quantifies the allure of a project or investment.

The present value of anticipated future cash flows is divided by the project's initial investment to determine the PI.

A PI of at least 1.0 is considered to be a decent investment, with higher levels indicating more alluring projects.

Using the Profitability index formula,

Profitability index = Net Present value of cash inflows / Initial Investment

1 = Present value of cash inflows / $92,000

Present value of cash inflows = $92,000

Hence, the present value of the net cash flows was $92,000.

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how do you find the total fixed cost using the table

Answers

Answer:

Total cost (TC) = Total variable cost (TVC) + Total fixed cost (TFC)

Therefore,

Total fixed cost = Total cost - Total variable cost

hope am helpful

Answer: Total fixed cost= Fixed cost- total variable cost

Explanation: you should add the fixed cost and the variable cost then the answer you get by adding the fixed cost and the variable cost is the total fixed cost.

use the below way to find the Total fixed cost;

Fixed cost= Fixed cost (TC) + Variable cost (TVC)

then to get the total fixed cost;

Total fixed cost= Fixed cost- total variable cost

what systems are available and specifically the financial benefits iy holds for the user and owner.​

Answers

Answer:

A financial management information system generates data that recipients find to be relevant to their decision-making and reporting processes.

Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transferred 4,150 sets of skis to finished goods. At the end of the accounting period, 480 sets of skis were estimated to be 50 percent complete. Total product costs for the finishing department amounted to $285,350.

Required

Determine the cost per equivalent.

Determine the cost of the goods transferred out of the finishing department.

Determine the cost of the finishing department’s ending work in process inventory.

Answers

The various costs for Solomon Ski Company during the recent accounting period are determined as follows:

1. Cost per equivalent unit is $65.

2. Cost of finished goods transferred out from the finishing department is $269,750.

3. Cost of the ending WIP inventory is $15,600.

What is the cost per equivalent unit?

The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.

The equivalent units of production depend on the degree or percentage of completion for the various cost classes.

Data and Calculations:

Transfer to finished goods = 4,150

Ending inventory = 480

Degree of completion of the ending inventory = 50%

Total equivalent units = 4,390 (4,150 + 480 x 50%)

Total production costs = $285,350

Cost per equivalent unit = $65 ($285,350/4,390)

Cost of finished goods = $269,750 ($65 x 4,150)

Cost of the ending WIP = $15,600 ($65 x 240)

Thus, equivalent units refer to the degree of work completed per unit.

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while you were assessing shift lead touch points you noticed that the. temperature on the cold line ingredients temperature is 41°f . what should you do ​

Answers

Answer: lower temp

Explanation:

In a situation where an assessment shift lead touchpoints have been noticed to have a temperature on the cold line ingredients' temperature is 41 degree Fahrenheit, it is advisable for the tester to lower the temperature of the test.

What is the significance of temperature?

Temperature of an assessment can be referred to or considered as the amount of measurable heat or coldness present in a constrained environment, which is the area of study of an assessee. Cold line ingredients shall not exceed a temperature of above 5 degrees Celsius.

In a situation where the temperature of the cold line ingredients exceeds a clock of 5 degrees Celsius, it is advisable to lower the temperature and bring the temperature to as cooler environment as possible to make the environment suitable for an assessment.

Therefore, the significance regarding the temperature of cold line ingredients has been aforementioned.

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Part 1: Describe the following in 175 words: • 2 of the main risks of entrepreneurship and small business ownership ​

Answers

1.Bankruptcy

It is a process a business goes through in federal court. It is designed to help your business eliminate or repay its debt under the guidance and protection of the bankruptcy court.

2. Financial risk

it is the possibility of losing money on an investment or business venture. Some more common and distinct financial risks include credit risk, liquidity risk, and operational risk. Financial risk is a type of danger that can result in the loss of capital to interested parties.

3. Founder risk

it considers who the founders of the company are, if they get along, and how they will work for the company.

4.Product risk

it takes into account the engineers creating new product for the business and how they will recruit other product engineers.

Which of the following is true regarding images on a website?

Answers

Use HTTPS:// and not HTTP:// of the following is true regarding images on a website's structure and navigation.

Option B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.

Images Grab Attention and Evoke Emotions

Images are an easy way to improve the user experience of your website. 90% of all the information we perceive and transmit to our brain is visual. Images help grab attention and guide the visitor's eye.

Choosing high-quality images that are interesting, high resolution, and appropriately sized will make your site look more professional. Avoid images that can be easily ignored, such as B. Blurry or too small images.

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Disclaimer: The question was incomplete. Please find the full content below.

Question

Which of the following is true regarding images on a website's structure and navigation?

A) A website’s structure should be at least five layers.

B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.

C) It is best to have several pages that are not internally linked.

D) A higher bounce rate typically leads to more conversions.

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ENG-114-02E-2022SP-Prof Research & Reporting

Answers

ENG-114-02E-2022SP-Prof Research & Reporting involves teaching professional communication skills.

What is Communication?

This is the act of exchanging information through different types of medium such as writing etc.

The course above is taught with the use of articles reviewed by peers for as better understanding of how to communicate better in this type of scholarly environment.

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Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below.

Year 1 2 3 4 5
FCF -$22.77 $37.1 $43.5 $53 $56.2
The weighted average cost of capital is 12%, and the FCFs are expected to continue growing at a 3% rate after Year 5. The firm has $26 million of market-value debt, but it has no preferred stock or any other outstanding claims. There are 20 million shares outstanding. Also, the firm has zero non-operating assets. What is the value of the stock price today (Year 0)? Round your answer to the nearest cent. Do not round intermediate calculations.
$
per share

According to the valuation models developed in this chapter, the value that an investor assigns to a share of stock is dependent on the length of time the investor plans to hold the stock.

The statement above is
-Select-
.

Conclusions

Analysts use both the discounted dividend model and the corporate valuation model when valuing mature, dividend-paying firms; and they generally use the corporate model when valuing divisions and firms that do not pay dividends. In principle, we should find the same intrinsic value using either model, but differences are often observed.

Even if a company is paying steady dividends, much can be learned from the corporate model; so analysts today use it for all types of valuations. The process of projecting future financial statements can reveal a great deal about a company's operations and financing needs. Also, such an analysis can provide insights into actions that might be taken to increase the company's value; and for this reason, it is integral to the planning and forecasting process.

Answers

The stock price is mathematically given as

P=$57.64

What is the stock price?

Generally, the equation for is Value after year  mathematically given as

[tex]V=\frac{(FCF for year 5*Growth rate)}{(WACC-Growth rate)}\\\\V = \frac{(55.4*1.05)}{(0.09-0.05)}[/tex]

V= $1454.25

Hence, the current value is mathematically given as

I=Discounting factor equal to the future cash flows multiplied by their present value

[tex]I=\frac{-22.76}{1.09} + \frac{38.8}{1.09^2}+ \frac{43.4}{1.09^3}+\frac{52.3}{1.09^4}+\frac{55.4}{1.09^5}+\frac{1454.25}{1.09^5}[/tex]

I=$1063.508769

current value for ordinary stock

I'=$1037.508769million

In conclusion, the stock price is

P=(1037.508769/18)

P=$57.64

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All else held constant, which of the following will decrease the allocation to the risky asset?
An increase in the expected return of the risky asset
An increase in risk aversion
An decrease in the volatility of the risky asset
A decrease in the risk-free rate

Same question but for increase the allocation of the risky asset

Answers

Answer:

an increase in risk aversion

Explanation:

This would cause a decrease in allocation to “risky” investments… at least that’s what we learned in MGT1104, for #2, not sure, would either be decrease in volatility or increase in exp. Return

For a professional athlete, making money off of products that use their likeness is an example of what concept?

Answers

For a professional athlete, making money off of products that use their likeness is an example of Name, Image, and Likeness deals.

What are name, image, and likeness deals?

Name, image, and likeness deals are commercial endorsements that give publicity to professional and college athletes, who lend their names, images, and likeness to companies to leverage for their product brands.

Using marketing and promotional endeavors, companies can use the athlete's name, image, and likeness to create customer-attractive brands for their products.

These deals provide opportunities for the athletes to make money by permitting the business entities to use their name, image, and likeness to market and sell products.

Thus, while the agreements are called “NIL” deals, professional athletes use them to make money.

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ASAP I WILL GIVE BRAINEST

A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.

True

False




Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.

True

False





Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.

True

False




Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.

True

False

Answers

Based on economic theory, the true and false statements on the economy are:

True:

Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.

False:

A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.

What is the economy like?

In order to explain the economy, economists turn to economic theory which are to be easy to understand and complex enough to capture the key things that are being studied.

Industries in the real world are often not fully purely competitive or a monopoly but instead fall somewhere in the middle.

Microeconomics and macroeconomics are not different but instead focus on different perspectives of an economy and therefore help explain how a local or national event can affect an entire nation.

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Suppose that the federal budget is balanced when GDP is at potential GDP. If equilibrium GDP falls below potential, please explain how and why government transfer payments would change; how and why tax receipts would change; how and why the budget would change.

Answers

The federal budget is the difference between the income of the government and its expenditure as illustrated in the GDP.

How to explain the information?

The income of the government is tax revenue and when expenditure is more than the income, the budget is said to be in deficit. Potential GDP is the maximum GDP that an economy is able to produce with the given level of resources in the long run. In times of recession, the actual GDP is less than the potential GDP, which means the output produced is less than the capability of the economy.

Inn such periods, GDP is low, unemployment is very high and aggregate demand is also very low. When the economy is in recession, the income of the people falls and thus, the tax they pay out of their incomes also falls. Therefore, the tax receipts fall due to a fall in income.

On the other hand, in recessions, the government uses expansionary fiscal policy which directly injects money by either increasing government spending or reducing the tax rate. Therefore, when the tax rate falls, the tax revenue or tax receipts fall. The government spends money on the public to increase social welfare.

The budget of the government is the difference between tax receipts and transfer payments. When the tax receipts fall and transfer payments rise. Thus, the budget of the government falls and the federal budget is said to be in deficit.

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on october 1 a client pays a company the full 12000 balance of a year long contract. Using the accrual method what is the unearned revenue as of December 31

Answers

Based on the amount the client paid on October 1, the unearned revenue as at December 31 is $9,000.

How can the unearned revenue be found?

First, find the monthly revenue:

= 12,000 / 12

=$1,000

From October 1 to December 31 is 3 months so 3 months of revenue has been recognized.

Unearned revenue is:

= 12,000 - (3 x 1,000)

= $9,000

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What is principle of management?

Answers

Answer:

principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.

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all else equal, purchases of most goods tend to rise with increases in buyers' incomes and to fall with decreases in buyers' incomes. such goods are known as: why does engels argue that the factory system represents a new form of exploitation of the working class? problem 3 (35 points). prove l = {< m > |m is a tm, m accepts < m >} is not turing decidable using diagonalization. Roberta wishes to increase the amount of time she spends studying every day. She keeps a journal for several days noting the amount of time she spends doing the following activities: working: 6 hours a day, attending classes: 3 hours a day, tv watching: 1 hour a day, studying: 1 hours a day. According to the Premack Principle, could Roberta use tv watching as an effective reinforcer for studying? Why not? Roberta reports not enjoying work. Could work be used as an effective reinforcer for studying? Explain. convert the following equation to cartesian coordinates. describe the resulting curve. rsin=4the cartesian equation is ___. (type an equation.) Book Problem 9 (Page 435) Verify each of the following equivalences by writing an equivalence proof. That is, start on one side and use known equivalences to get to the other side. a. (A ) (AVB)=B b. AABC=A+C)(B+C) C. AABC=A (B+C) d. AVB+C=( A C)(B+C) e. A+BAC=(AB)^( A C) f.ABVC=(A) ( AC) question post-1: for a beam of moving charge how can you use a bar magnet to determine if a beam is positively or negatively charged ? Question Post-2: What two factors determine the strength of the magnetic field in a solenoid? Question Post-3: If a big bar magnet inside the Earth produced the Earth's magnetic field. where would the magnet's "North" magnetic pole be located at the Earth's geographic North or south pole? Mrs. Singer owns a profitable sole proprietorship. 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