Mary Used a Sample of 68 Large U

question 98

Multiple Choice

Mary used a sample of 68 large U.S. cities to estimate the relationship between Crime (annual property crimes per 100,000 persons) and Income (median annual income per capita, in dollars) . Her estimated regression equation was Crime = 428 + 0.050 Income. If Income decreases by 1000, we would expect that Crime will:

• A)increase by 428.
• B)decrease by 50.
• C)increase by 500.
• D)remain unchanged.

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Definitions:

Financing Statement

A document filed to give public notice of a secured transaction, indicating an interest in the assets of a debtor.

Collateral

Collateral offered to secure a loan, subject to seizure upon default.

Collection Agency

An organization employed by creditors to collect funds that are owed by individuals or businesses, usually when those debts are past due.

Principal

The original amount of money borrowed or invested, excluding any interest or dividends.