Pam's Stables Used Two Different Predictor Variables (Trainer Hours and Number

question 86

Multiple Choice

Pam's Stables used two different predictor variables (trainer hours and number of horses) in two different equations to evaluate the cost of training horses. The most recent results of the two regressions are as follows: Trainer's hours:
r² = 0.56
Number of horses:
r² = 0.63
What is the estimated total cost for the coming year if 16,000 trainer hours are incurred and the stable has 400 horses to be trained, based on the best cost driver?

• A) $99,929.09
• B) $350,756.50
• C) $335,313.32
• D) $84,233.50
• E) $47,238.12

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Definitions:

Goal-directed Behaviour

Actions taken towards achieving specific outcomes or objectives.

Motivation

The set of psychological forces that compel individuals to take action towards achieving their goals.

Autonomic Nervous System

The part of the nervous system that controls and regulates involuntary body functions, including heart rate, digestion, and respiratory rate.

Partner Characteristics

Traits or qualities of an individual that may be considered desirable or important in a relationship partner.