Instruction 13 $$Y = 10 + 5 X _ { 1 } + 8 X _ { 2 }$$

question 44

Multiple Choice

Instruction 13.40
An econometrician is interested in evaluating the relation of demand for building materials to mortgage rates in Sydney and Melbourne. He believes that the appropriate model is
$$Y = 10 + 5 X _ { 1 } + 8 X _ { 2 }$$
where
$\begin{array} { l } x _ { 1 } = \text { mortgage rate in } \% \\x _ { 2 } = 1 \text { if Sydney, } 0 \text { if Melbourne } \\Y = \text { demand in } \$ 100 \text { per capita }\end{array}$
-Referring to Instruction 13.40,the fitted model for predicting demand in Sydney is ______.

• A) 10 + 5X 1
• B) 10 + 13X 1
• C) 18 + 5X 1
• D) 15 + 8X 2

Learn how to calculate and interpret the after-tax net income of a company.

Understand the definition and functionalities of ERP II systems.

Grasp the concept and significance of automating TPS data entry.

Comprehend the impact of FAIS and ERP on information silos.

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