Business, 28.01.2020 04:31, zaratayyibah
Think of three goods for which the demand is inelastic with respect to price. do these goods ever go on sale? does understanding the relationship between elasticity and total revenue you understand why some goods go on sale and others don’t? share your thoughts.
Answers: 2
Business, 21.06.2019 22:10, maxy7347go
There are more than two types of bachelors’ degrees true or false?
Answers: 1
Business, 22.06.2019 08:00, leannaadrian
Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct
Answers: 1
Business, 22.06.2019 08:00, savannahworkman11
How do communism and socialism differ in terms of the role that government plays in the economy ?
Answers: 1
Think of three goods for which the demand is inelastic with respect to price. do these goods ever go...
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