Mathematics, 21.04.2021 01:00 miahsmith258
Problem 4: Price-fixing Litigation(5 points) Background: Multiple regression is sometimes used in litigation. In the case of Cargill, Inc. v. Hardin, the prosecution charged that the cash price of wheat was manipulated in violation of the Commodity Exchange Act. In a statistical study conducted for this case, a multiple regression model was developed to predict the price of wheat using three supply- and demand explanatory variables. Data for 14 years were used to construct the regression equation, and a prediction for the suspect period was computed from this equation. The value of R2 was 0.989. Problem: Cargill, Inc. had priced the wheat at $2.13. Their legal team needed to demonstrate that the price was not artificially depressed. For purposes of this project, suppose the sample size was 100. Requirements: 1.(2.5 points) For the relevant case, the fitted model gave the predicted value $2.136 with standard error $0.013. Based on this, determine the 95% prediction interval for the price of wheat. 2.(2.5 points)
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Mathematics, 21.06.2019 19:30
Celeste wants to have her hair cut and permed and also go to lunch. she knows she will need $50. the perm cost twice as much as her haircut and she needs $5 for lunch. how much does the perm cost?
Answers: 1
Mathematics, 21.06.2019 21:30
(03.03 mc) choose the graph below that correctly represents the equation 2x + 4y = 24. (5 points) select one: a. line through the points 0 comma 6 and 12 comma 0 b. line through the points 0 comma negative 6 and 12 comma 0 c. line through the points 0 comma negative 12 and 6 comma 0 d. line through the points 0 comma 12 and 6 comma 0
Answers: 1
Problem 4: Price-fixing Litigation(5 points) Background: Multiple regression is sometimes used in li...
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