Business, 11.06.2020 20:57, javontiye226
A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). Part of the regression output is provided below based on a sample of 20 homes. Some of the information has been omitted.
Errort-Stat
Intercept128.937462.620530249.203
Size 1.207243611.439
FP6.476019541.98036123.27
a. The estimated coefficient for size is approximately .
b. How many predictors (independent variables) were used in the regression?
Answers: 1
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(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
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A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) a...
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