Megan Used to Work at the Local Pizzeria for $15,000

question 131

Multiple Choice

Megan used to work at the local pizzeria for $15,000 per year but quit to start her own deli.To buy the necessary equipment,she withdrew $20,000 from her inheritance (which paid 8 percent interest) .Last year she paid $25,000 for ingredients and $500 per month rent but had revenue of $50,000.She asked her dad the accountant and her mom the economist to calculate her annual profit for her.

• A)Dad says she lost $11,000 and Mom says she lost $26,000.
• B)Dad says her profit is $31,000 and Mom says her profit is $16,600.
• C)Dad says her profit is $9,000 and Mom says she lost $6,000.
• D)Dad says her profit is $19,000 and Mom says her profit is $2,400.

Grasp the concept and application of preliminary sums of squares and cross-products in regression analysis.

Learn the methodology to calculate and interpret the least-squares regression line.

Understand the utilization of the Spearman rank correlation coefficient in non-parametric scenarios or when assumptions for Pearson's r are not met.

Understand the concept and calculation of the coefficient of determination.

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Definitions:

Asia

The world's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres, it is known for its diverse cultures, languages, and economies.

Foreign Relations

The management and strategy involved in dealings and relationships between nations.

Great Britain

A sovereign nation located off the northwest coast of Europe, comprising England, Scotland, and Wales.

1865

The year marked by the end of the American Civil War and the assassination of President Abraham Lincoln; significant for the passage of the Thirteenth Amendment, which abolished slavery in the United States.