The regression equation $ \text{Net Income} = 2,049 + 0.478 \times \text{Revenue} $ was estimated from a sample of 100 leading world companies (variables are in millions of dollars).**(a-1)** If $ \text{Revenue} = 1 $, then $ \text{Net Income} = \_\_\_\_ $ million. (Round your answer to 2 decimal places.)**(a-2) Choose the correct statement.**- Increasing the revenue raises the net income.- Decreasing the revenue raises the net income.- Increasing the revenue lowers the net income.**(b) Choose the right option.**- The intercept is not meaningful because a firm cannot have net income when revenue is zero.- The intercept is meaningful because a firm can have net income when revenue is zero.**(c)** If $ \text{Revenue} = 24,574 $, then $ \text{Net Income} = \_\_\_\_ $ million. (Round your answer to the nearest whole number.)

Regression is a procedure that relates a dependent variable to at least one independent variable. A…

The regression equation Netincome = 2,049 +.0478 Revenue was estimated from a sample of 100 leading world companies (variables are in millions of dollars). (0-1) If Revenue = 1, then Netincome = (a-2) Choose the correct statement. (b) Choose the right option. (c) Increasing the revenue raises the net income. Decreasing the revenue raises the net income. O Increasing the revenue lowers the net income. million. (Round your answer to 2 decimal places.) The intercept is not meaningful because a firm cannot have net income when revenue is zero. The intercept is meaningful because a firm can have net income when revenue is zero. If Revenue = 24,574, then Netincome = million. (Round your answer to the nearest whole number.)

The regression equation Netincome = 2,049 +.0478 Revenue was estimated from a sample of 100 leading world companies (variables are in millions of dollars). (0-1) If Revenue = 1, then Netincome = (a-2) Choose the correct statement. (b) Choose the right option. (c) Increasing the revenue raises the net income. Decreasing the revenue raises the net income. O Increasing the revenue lowers the net income. million. (Round your answer to 2 decimal places.) The intercept is not meaningful because a firm cannot have net income when revenue is zero. The intercept is meaningful because a firm can have net income when revenue is zero. If Revenue = 24,574, then Netincome = million. (Round your answer to the nearest whole number.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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