if the relationship between two variables is linear and the coefficient of determination (R2) has a value near 1, the scatter diagram has what appearance? If the relationship between two variables is linear and the coefficient of determination (\(R^2\)) has a value near 1, the scatter diagram has what appearance?- A) The points fall along a horizontal straight line.- B) The points cluster loosely, forming a circle or oval around a central point.- C) The points fall along a vertical straight line.- D) The points fall along a straight line that is not parallel either to the x-axis or the y-axis.

If the relationship between two variables is linear and the coefficient determination R2 has a value…

Answered: if the relationship between two…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A rectangle is a four-sided figure that has two sets of parallel sides, so that we have two sides of one length and two sides of another length; a square is just a special case of a rectangle in which all four sides are the same length. Therefore, the procedure for calculating area is the same no matter whether we are dealing with a rectangle or a square. The area of a rectangle is calculated as follows: Area = base x height = b × h In this formula, the base is the width of the rectangle and the height is simply how tall the rectangle Is. For example, if we have a rectangle that is 20 centimeters wide and 10 centimeters tall, its area can be calculated as follows: Area = 20 cm x 10 cm = 200 cm² Note the superscript '2' In our answer; this is because we have multiplied centimeters by centimeters. In economics, we are more likely to be dealing with quantities bought or sold and prices, so don't worry about it too much for our discussion. The area of a triangle A triangle is really just a…
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Allen has a utility function U=xy², where x is the consumption of apples and y is the consumption of bananas. Price of apple is 1 and price of bananas is 4. Allen has 30 dollars in his pocket, so how many apples and bananas will he purchase to maximize his utility? options: 10 apples and 5 bananas. 3 apples and 10 bananas. 30 apples only. none of above.

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