Use the Following Information for Following Questions

question 27

Multiple Choice

Use the following information for following questions .
A random sample of 100 cars was taken and data were recorded on the miles per gallon (mpg) in the city
and on the highway. The mean city mpg was 28 with a standard deviation of 9.2. The mean highway mpg
was 35 with a standard deviation of 8.6. The correlation coefficient between city mpg and highway mpg is
-Determine which is the correct calculation of the intercept for the linear model that predicts highway mpg from city mpg.

• A)a =−28 0.888(35) =−3.08
• B)a =−28 1.016(35) =−7.56
• C)a =−35 0.888(28) =10.136
• D)a =−35 1.016(28) =6.552

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.

Owner's Drawings

The amount of money taken from the business by the owner for personal use, not considered a business expense.

Sales Revenue

A company's total income from product sales or service charges prior to the deduction of any operational expenses.

Gross Profit Rate

A profitability ratio that compares gross profit to net sales, reflecting the efficiency of a company in managing its production and labor costs.