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SCENARIO 14-6 One of the Most Common Questions of Prospective House Buyers

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SCENARIO 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X1 ) and the amount of insulation in inches ( X 2 ) . Given below is EXCEL output of the regression model.
SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model. Also SSR (X<sub>1</sub> | X<sub>2</sub>) = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>) = 4199.2672 -Referring to Scenario 14-5,one company in the sample had sales of $20 billion (Sales = 20,000) .This company spent $300 million on capital and $700 million on wages.What is the residual (in millions of dollars) for this data point? A) 874.55 B) 622.87 C) -790.69 D) -983.56
SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model. Also SSR (X<sub>1</sub> | X<sub>2</sub>) = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>) = 4199.2672 -Referring to Scenario 14-5,one company in the sample had sales of $20 billion (Sales = 20,000) .This company spent $300 million on capital and $700 million on wages.What is the residual (in millions of dollars) for this data point? A) 874.55 B) 622.87 C) -790.69 D) -983.56
SCENARIO 14-6 One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y) . To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X<sub>1</sub> ) and the amount of insulation in inches ( X <sub>2</sub> ) . Given below is EXCEL output of the regression model. Also SSR (X<sub>1</sub> | X<sub>2</sub>) = 8343.3572 and SSR (X<sub>2</sub> | X<sub>1</sub>) = 4199.2672 -Referring to Scenario 14-5,one company in the sample had sales of $20 billion (Sales = 20,000) .This company spent $300 million on capital and $700 million on wages.What is the residual (in millions of dollars) for this data point? A) 874.55 B) 622.87 C) -790.69 D) -983.56
Also SSR (X1 | X2) = 8343.3572 and SSR (X2 | X1) = 4199.2672
-Referring to Scenario 14-5,one company in the sample had sales of $20 billion (Sales = 20,000) .This company spent $300 million on capital and $700 million on wages.What is the residual (in millions of dollars) for this data point?

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The branch of law that deals with relationships between individuals or institutions, as opposed to public law which concerns itself with the state and individuals.

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Financial compensation ordered to be paid as a remedy for harm caused by a breach of duty or negligence.

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