A Random Sample of Records of Electricity Usage of Homes

question 2

Multiple Choice

A random sample of records of electricity usage of homes in the month of July gives the amount of electricity used and size (in square feet) of 135 homes.A regression was done to predict the amount of electricity used (in kilowatt-hours) from size.The residuals plot indicated that a linear model is appropriate.The model is
= 1,287 + 0.3 size.The people in a house that is 2,347 square feet used 500 kilowatt-hours less than expected.How much did they use?

• A)1,491.1 kilowatt-hours
• B)3,134.3 kilowatt-hours
• C)-82.9 kilowatt-hours
• D)3,533.33 kilowatt-hours
• E)1,204.1 kilowatt-hours

Understand how courts determine the inclusion of exaggerated claims in contract agreements.

Recognize the practical importance of putting agreements in writing for business operations.

Learn about the treatment of individuals with limited capacity in contract law.

Understand the concept of electronic signatures and their legal effectiveness.

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Definitions:

Accounting Service

Accounting service refers to the systematic recording, analyzing, and reporting of financial transactions pertaining to a business, provided by professionals or firms specialized in this field.

Accountant-Client Privilege

A legal principle that keeps communications between an accountant and their client confidential, similar to attorney-client privilege.

Ethical Violation

An action or behavior that goes against moral principles or professional standards, potentially leading to disciplinary measures.

Prenuptial Agreement

A legal document signed by a couple before marriage outlining the allocation of assets and financial responsibilities in the event of divorce.