An Experiment Was Performed on a Certain Metal to Determine

question 146

Multiple Choice

An experiment was performed on a certain metal to determine if the strength is a function of heating time.The simple linear regression equation is = 1 + 1X.The time is in minutes and the strength is measured in pounds per square inch. Provide a managerial interpretation of the Y-intercept.

• A)As time heated increase by one minute,the strength increases by 1lb.per sq.inch.
• B)This is the direct relationship between X and Y.
• C)If the metal is not heated,the estimated average metal strength is 1lb.per sq.inch.
• D)Y-intercept cannot be interpreted.

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Definitions:

Money Supply

The total of all monetary assets within an economy at a specific instant, comprising cash, coins, and balances in checking and savings.

Long-Run Aggregate-Supply

is the total supply of goods and services that a country's economy can produce over time when all inputs are used to their full potential.

Aggregate Demand

It's the total demand for goods and services in an economy at a given overall price level and in a given time period.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given price level in a given time period.