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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