In Order to Predict with 80% Confidence the Expected Value

question 119

Multiple Choice

In order to predict with 80% confidence the expected value of y for a given value of x in a simple linear regression , a random sample of 15 observations is taken. Which of the following t-table values would be used?

• A) 1.350
• B) 1.771
• C) 2.160
• D) 2.650

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Definitions:

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Sales

The total revenue a company generates from selling goods, services, or both, within a specific period.

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers for goods or services sold on credit.