TABLE 13-14 An Automotive Engineer Would Like to Be Able to Predict

question 160

Short Answer

TABLE 13-14
An automotive engineer would like to be able to predict automobile mileages. She believes that the two most important characteristics that affect mileage are horsepower and the number of cylinders (4 or 6) of a car. She believes that the appropriate model is
Y = 40 - 0.05X1 + 20X2 - 0.1X1X2
where X1 = horsepower
X2 = 1 if 4 cylinders, 0 if 6 cylinders
Y = mileage.
-Referring to Table 13-14, the predicted mileage for a 300 horsepower, 6-cylinder car is ________.

---

Definitions:

Tenant-Days

A metric used in real estate or lodging industries, calculated by multiplying the number of tenants by the number of days they occupied a space.

Planning Budget

A budget prepared for a specific period in the future that serves as a plan for the company's operations and financial activities.

Budgeting Formulas

Mathematical expressions or equations used to forecast and manage financial resources by estimating incomes and expenditures.

Selling and Administrative Expenses

Costs incurred by a business that are not directly related to the production of goods or services, such as sales personnel salaries, advertising, and office supplies.