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Some Haskayne students are doing consulting work for a large company in relation to the...

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Accounting

Some Haskayne students are doing consulting work for a large company in relation to the purchase of a used freighter. The students created a multiple variable regression with Sailing Hours, Capacity and Ship's Age as the independent variables and Price as the dependent variable and found the following results:

Which of the following is true?

Question 16 options:

a)

The minimum price this model predicts is $8.5 million

b)

The students should recommend the use of this model as it has an R-square of 85%

c)

None of the independent variables are statistically significant at the 95% confidence level

d)

Both A and C are true

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