Exhibit 16

question 72

Multiple Choice

Exhibit 16.5.The following data shows the demand for an airline ticket dependent on the price of this ticket. For the assumed cubic and log-log regression models,Demand = β₀ + β₁Price + β₂Price² + β₃Price³ + ε and ln(Demand) = β₀ + β₁ln(Price) + ε,the following regression results are available: Refer to Exhibit 16.5.What is the percentage of variations in ln(Demand) explained by the log-log regression equation?

• A)98.52%
• B)98.50%
• C)91.39%
• D)97.93%

Identify factors influencing forgetting and describe their impact on memory.

Define and differentiate between flashbulb memories and ordinary memories.

Distinguish between explicit and implicit memory with examples.

Describe the fundamental processes of memory, including its definition.

---

Definitions:

Sample Proportion

The fraction of items in a sample that are of a particular type or category.

Parameter

A quantity that defines certain characteristics of a system or function, often used in statistical analysis to represent a population attribute.

Registered Voters

Individuals who have officially registered to vote in elections within a specified area.

Margin of Error

An expression of the amount of random sampling error in a survey's results, representing the extent to which the survey result is expected to vary from the true population value.