The Following Results Were Obtained from a Simple Regression Analysis

question 18

Short Answer

The following results were obtained from a simple regression analysis:
Ŷ = 37.2895 - 1.2024X
r² = .6744 s_b = .2934
When X (independent variable)is equal to zero,what is the estimated value of Y (dependent variable)?

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Definitions:

Differential Cost

The difference in cost between two alternative decisions or scenarios.

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered and should not affect future business decisions.

Net Book Value

The value at which an asset is carried on a balance sheet, essentially the cost of the asset minus accumulated depreciation.

Equipment Rental

The process of leasing machinery or equipment for a specific period instead of purchasing it outright.