A Multiple Regression Was Conducted to Predict the Price of Yachts

question 56

Multiple Choice

A multiple regression was conducted to predict the price of yachts in thousands of dollars.A dummy variable was included to indicate whether or not the yacht has a flying bridge,where 0 means "no" and 1 means "yes." Which of the following statements is correct using the 0.10 level of significance?

• A)Having a flying bridge significantly increases the price of a yacht by an average of $17.7,given the other variables present.
• B)Having a flying bridge significantly increases the price of a yacht by an average of $17,708,given the other variables present.
• C)We can tell that 17 out of 20 yachts have a flying bridge.
• D)Whether or not the yacht has a flying bridge does not significantly affect the price of a yacht,given the other variables present.

Identify the types of investments and operations multinational corporations (MNCs) engage in.

Recognize different ways a company can manage foreign exchange risk.

Understand the concept of political risk and how it impacts international business.

Distinguish between direct and indirect foreign exchange quotes.

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Definitions:

Church and State

Refers to the separation between organized religion and the nation state, ensuring that religious institutions do not govern state affairs and vice versa.

Thomas Jefferson

The third President of the United States, a founding father known for authoring the Declaration of Independence, and promoting the principles of democracy and republicanism.

Nationalization

The act of bringing a private sector entity under the control of the government, usually in key industries considered vital to national interests.

Bill of Rights

The initial ten amendments ratified in 1791 to the U.S. Constitution, ensuring rights including freedom of speech, assembly, and religion.