Instruction 13 -Referring to Instruction 13

question 116

Multiple Choice

Instruction 13.9
As a project for his business statistics class, a student examined the factors that determined parking meter rates throughout the campus area. Data were collected for the price per hour of parking, number of city blocks to the centre of the university and one of the three jurisdictions: on campus, in the CBD and off campus or outside of the CBD and off campus. The population regression model hypothesised is:
Yi = ? + ?₁x_1i + ?₂x_2i + ?₃x_2i + ?_i
Where
Y is the meter price
x₁ is the number of blocks to the centre of the university
x₂ is a dummy variable that takes the value 1 if the meter is located in the CBD and off campus and the value 0 otherwise
x₃ is a dummy variable that takes the value 1 if the meter is located outside of the CBD and off campus, and the value 0 otherwise
The following Excel results are obtained:
$\begin{array}{|l|r|}\hline\text { Regression } & \text { Statistics } \\\hline \text { Multiple R } & 0.9659 \\\hline \text { R Square } & 0.9331 \\\hline \text { Adj. R Square } & 0.9294 \\\hline \text { Standard } & \\\text { Error } & 0.0327 \\\hline \text { Observations } & 58\\\hline\end{array}$

$\begin{array}{|c|c|c|c|c|c|}\hline\text { ANOVA }\\\hline & d & \text { SS } & \mathrm{MS} & F & \text { Signif } F \\\hline \text { Regression } & 3 & 0.8094 & 0.2698 & 251.1995 & 0.0000 \\\hline \text { Residual } & 54 & 0.058 \mathrm{~d} & 0.0010 & & \\\hline \text { Total } & 57 & 0.8675 & & & \\\hline\end{array}$

$\begin{array}{|l|r|r|r|r|}\hline & \text { Coef } & \text { Stol Error } & \text { t Stat } & p \text {-value } \\\hline \text { Intercept } & 0.5118 & 0.013 & 37.4675 & 2.4904 \\\hline X_{1} & -0.0045 & 0.0034 & -1.3276 & 0.1898 \\\hline X_{2} & -0.2392 & 0.0123 & -19.3942 & 0.0000 \\\hline X_{3} & -0.0002 & 0.0123 & -0.0214 & 0.9829 \\\hline\end{array}$
-Referring to Instruction 13.9,predict the meter rate per hour if one parks outside of the CBD and off campus three blocks from the centre of the university.

• A) $0.4981
• B) $0.2589
• C) $0.0139
• D) $0.2604

Understand the basics of Erik Erikson's psychosocial development stages and their impacts on personality development.

Identify the role of temperament in individual differences and its definition.

Discuss the development of moral reasoning according to Lawrence Kohlberg and the criticisms of his model.

Explain the concept of theory of mind and its relationship with cognitive development.

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Definitions:

Work in Process Inventory

Goods in various stages of production but not yet completed, representing one of the components of a manufacturing company's inventory.

Factory Overhead

All the indirect costs associated with the manufacturing process that cannot be directly tied to a specific product, including costs related to the factory itself such as utilities, depreciation, and maintenance.

Direct Labor Costs

Expenses that are directly associated with the manufacturing of a product or the delivery of a service, such as wages of workers on the production line.

Factory Overhead

Indirect manufacturing costs not directly tied to individual products, encompassing expenses like factory rent, utilities, and equipment depreciation.