Using the Regression Formula with a Slope =

question 33

Multiple Choice

Using the regression formula with a slope = .704 and an intercept = .919, what would the predicted college GPA be for a student whose current high school GPA = 3.2?

• A)2.69
• B)2.97
• C)3.00
• D)3.17

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Definitions:

Unit of Labor

A measurement of work or effort by an employee or worker.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate in a specific period.

Capital

Financial assets or their financial value, as well as the tangible factors of production that are used in creating goods or services.

Maximize Profit

The process of increasing one's financial gain to the highest possible level given the constraints of the market.