Find the Best Predicted Value of Y Corresponding to the Given

question 117

Multiple Choice

Find the best predicted value of y corresponding to the given value of x.
-Ten pairs of data yield $\mathrm { r } = 0.003$ and the regression equation $\hat { \mathrm { y } } = 2 + 3 \mathrm { x }$ . Also, $\overline { \mathrm { y } } = 5.0$ . What is the best predicted value of $y$ for $x = 2$ ?

• A) \(5.0\)
• B) \(8.0\)
• C) \(17.0\)
• D) \(7.0\)

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Definitions:

Equity Multiplier

A financial leverage ratio that measures the portion of a company's assets financed by its shareholders' equity.

Stockholders' Equity

Represents the residual interest in the assets of a corporation after deducting liabilities, essentially the net worth attributable to shareholders.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period of time, indicating efficiency in inventory management.

Projected Level

An estimate of future levels of a variable, such as sales or income, based on current trends and assumptions.