Calculate the Y-Intercept,a,of the Regression Equation Using the Following Information

question 49

Short Answer

Calculate the Y-intercept,a,of the regression equation using the following information:
Mean number of years of schooling: 17
Mean monthly income: $2,750
Slope,b,of the regression equation: $650

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Definitions:

Market Value

Market value is the current price at which an asset or service can be bought or sold in the open market.

Sufficient Cash

A condition where a company has enough liquid funds to meet its immediate and short-term obligations.

Cumulative Preferred Stock

Cumulative Preferred Stock is a type of preferred stock where dividends accumulate if not paid in a given year, prioritizing these dividends over common stock dividends in future payments.

Annual Dividend

The total dividend payment a company distributes to its shareholders for a year, often quoted on a per-share basis.