Below you are given a partial Excel output based on a sample of 30 days of the price of a company's stock (y in dollars), the Dow Jones industrial average (x1), and the stock price of the company's major competitor (x2 in dollars).
a.Use the output shown above and write an equation that can be used to predict the price of the stock.
b.If the Dow Jones Industrial Average is 2650 and the price of the competitor is $45, what would you expect the price of the stock to be?
c.At = 0.05, test to determine if the Dow Jones average is a significant variable.
d.At = 0.05, test to determine if the stock price of the major competitor is a significant variable.
Definitions:
Revenue Collection
The process of gathering funds collected from sales, services, taxes, or other sources by an organization or government.
Short-Term Financing Cost
The interest or other costs associated with borrowing funds for a short duration, typically less than one year.
Standardized Products
Goods or services produced to a uniform specification that ensures consistency and compatibility across different uses and customers.
Credit Periods
The timeframe given by a seller to the buyer to pay for the goods or services received, usually measured in days.
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