Suppose your firm generated $50.0million$⁢50.0⁢million in sales. What would be the 95%95% prediction interval for your firm's net income? Write your answer using interval notation. Round your answer to 1 decimal place. Analysis of VarianceCopy DataPredicted Values for New ObservationsCopy DataValues of Predictors for New ObservationsSourceRegressionResidual ErrorTotalDFSSMSFP1 4591849 4591849 31.86 0.000213026657 14412722 7618506New ObsFit1 1084.9SE Fit157.195 % CI(758.3, 1411.5)New Obs Sales150.095% PI(230.5, 1939.3)ifIf An independent auditor is interested in studying the relationship between net income and net sales for large corporations. A random sample of 23 large corporations hasbeen selected, and the net income and net sales have been recorded. A regression analysis has been performed to estimate the model, and the output is given.Net Income = Po + B1(Net Sales(Net + EiRegression Analysis: Income vs. SalesThe regression equation isIncome 82.2 + 20.1 SalesCopy DataS = 379.640 R-Sq = 60.3 %R-Sq(Adj) = 58.4%PredictorConstantSalesCoef SE Coef82.220.054T94.9 0.87 0.3963.759 5.33 0.000dfIf

Based on the give output tables we will find the 95% prediction interval for firms net income.

Suppose your firm generated $50.0million$⁢50.0⁢million in sales. What would be the 95%95% prediction interval for your firm's net income? Write your answer using interval notation. Round your answer to 1 decimal place

Suppose your firm generated $50.0million$⁢50.0⁢million in sales. What would be the 95%95% prediction interval for your firm's net income? Write your answer using interval notation. Round your answer to 1 decimal place

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Sam invests $4,000 in an account that compounds interest continuously and earns 5.5%. How long will…

A: formula for compound interest is A=Pertwhere A is final amountP is initial amount r is rate t is…

Q: A gold mining company discovers a new vein to start mining. The geologists project this mine will…

A: Let P be the present value of this mine f(t)=$400000 T=15years Rate of interest,r=3.5%=0.035

Q: This year, the monthly rent for a condominium is $1060. If the annual rent increase is set at 3.1%,…

Q: Real Estate Appreciation. The average cost of a single family home in Seattle, WA in 2004 was…

Q: If gas prices are now $3.75 and they were up 10% from 6 months ago, how much were gas prices 6…

A: Let 6 months ago gas prices be 'X'. At present it is increased by 10%. So present prices of gas =…

Q: How long will it take for $3000 to grow to $43000 at an interest rate of 8.1%. if the interest is…

A: Let's find.

Q: The stock of a fast-food restaurant chain pays a dividend of $0.67. If the share price for this…

A: The objective of this question is to calculate the dividend yield of a stock. The dividend yield is…

Q: You buy a new car for the price of $28,750 and, on average, that car’s value will depreciate by…

A: Buy car price of $28,750 depreciate by 18.25% each year. determine the time when your car’s value…

Q: If a job pays $10 which is approximately 6.67%, how much would the job have paid in 1995?

A: we need to find how much would the job have paid in 1995

Q: You put $200 per month in an investment plan that pays an APR of 4.5%. How much money will you…

Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

Q: You buy a new computer for $2750. Every year, its value decreases by 7.5%. What will be the value of…

A: Here the price of the computer is decreasing at a rate of 7.5% as that of the pervious year. So the…

Q: During 2008 the S&P 500 index depreciated by 37.6%.† Assuming that this trend had continued, how…

Q: The S & P Stock index showed a rise in stock value of 28.9% on average in 2019. Since the…

A: we invested $500 in the initial of 2019, It is given that Average return of year 2019 is 28.9%, it…

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: Find the monthly PMT on a 140,000 house in which 20,000 down taken at 6% over 30 years.

Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

Q: Sales last year for a department were $124,560. This year planned sales are forecast to increase by…

A: The sales of last year is $ 124,560. The increment of 4.2 % in $ 124,560 is:

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

Q: Amy bought a car in 2009 valued at $32,500. The car is expected to depreciate at a rate of 11.1%…

A: To find: The number of years after which the person A's vehicle be worth 50% of its original value.…

Q: A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this…

A: solutionGivenInterest rate=2% per monthowes=1000$

Question

Analysis of Variance
Copy Data
Predicted Values for New Observations
Copy Data
Values of Predictors for New Observations
Source
Regression
Residual Error
Total
DF
SS
MS
F
P
1 4591849 4591849 31.86 0.000
21
3026657 144127
22 7618506
New Obs
Fit
1 1084.9
SE Fit
157.1
95 % CI
(758.3, 1411.5)
New Obs Sales
1
50.0
95% PI
(230.5, 1939.3)
if
If

An independent auditor is interested in studying the relationship between net income and net sales for large corporations. A random sample of 23 large corporations has
been selected, and the net income and net sales have been recorded. A regression analysis has been performed to estimate the model, and the output is given.
Net Income = Po + B1(Net Sales
(Net + Ei
Regression Analysis: Income vs. Sales
The regression equation is
Income 82.2 + 20.1 Sales
Copy Data
S = 379.640 R-Sq = 60.3 %
R-Sq(Adj) = 58.4%
Predictor
Constant
Sales
Coef SE Coef
82.2
20.054
T
94.9 0.87 0.396
3.759 5.33 0.000
df
If

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Solution:

VIEW

Step 2: Prediction interval.

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Shareholders in an electronics company were informed that the company's market share increased from 4.5% to 5.4%, a rise of 0.9 percentage points. What percent increase in sales does this represent?
Which job pays more after 7 years: one that pays $46000 initially with a 9.6 % raise every year or one that pays $36000 with a 12.5% yearly raise
The National Highway Association is studying the relationship between the number of bidders on a highway project and the winning (lowest) bid for the project. Of particular interest is whether the number of bidders increases or decreases the amount of the winning bid. Bidders Price 9.0 5.1 9.0 8.0 3.0 9.7 10.0 7.8 5.0 7.7 10.0 5.5 7.0 8.3 11.0 5.5 6.0 10.3 6.0 8.0 4.0 8.8 7.0 9.4 7.0 8.6 7.0 8.1 6.0 7.8 GIVEN: correlation coefficient: - 0.7064 Slope: -0.4667 Coefficient of determination: 49.90% regression equation: ŷ= 11.2360 + (-4467)x FIND: Estimate the winning bid if there were seven bidders. Winning bid cost _________ millions. Explain. Compute the 95% prediction interval for a winning bid if there are seven bidders. [ _______________ , _______________ ] (Explain).
Suppose you have a choice between receiving $5,000 today or $10,000 in five years. You believeyou can earn 10% on the $5,000 today, but want to know what the $5,000 will be worth in fiveyears
A teller's hourly wage for various years is represented in the table below. Year Hourly Wage 2015 $22.50 2016 $24.00 2017 $27.60 What was the hourly wage percent of change from 2016 to 2017? Be sure to state if it was a percent increase or percent decrease. %
You purchase a mutual fund add an offer price of $15.79 per share. If the net asset value is $15.26 find the sale charge percent. Round to the nearest tenth.
If the markup on an item is 30.00% of its selling price, calculate the markup as a percentage of the cost of the item. % Round to two decimal places
suppose your $1200 laptop depreciates 1% per week. After what week will your computer first become worth less than $250?
You put $350 per month in an investment plan that pays an APR of 4.5%. How much money will you have after 21 years? Compare this amount to the total deposits made over the time period.
7 1/2% of $800 is $?
If shares in Cleanaway Waste Ltd are $1.87 and they increase by 2.41%, what will the new share price be, to 2 decimal places? Include the dollar sign in your answer and no spaces.
brooke's credit card has an annual interest rate of 21% on her unpaid balance, which averages $900. Approximate Brooke's monthly payments, if she wants to pay her card off in a year. Assume she doesn't use her card again during that time.