Business, 03.08.2019 05:20 dkh2021

Ihi insurance have conducted a multiple linear regression analysis to predict the value of the number of annual claims incurred by a motor insurance policyholder (y) based on the age of the policyholder in years (x1) and the value of the car insured in thousands of dollars (x2). the analysis was based on a random sample of 500 policyholders. the ages in the sample ranged from 16 to 70 and the values of the cars in the sample ranged from $1,100 to $52,000. the multiple linear regression equation corresponding to ihi's analysis is:
y ^i = 13 + (-0.5)x1i + (0.1)x2i.
select whether the following statements regarding the multiple linear regression equation are true or false:
a) holding x2 constant, a one year increase in x1 will result in a decrease of 0.5 in the predicted value of y.
b) a 28 year old policyholder with a car worth $20,000 is predicted to make 29 claims.
c) holding x1 constant, a one thousand dollar increase in x2 will result in an increase of 0.1 in the predicted value of y.

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Answer from: Quest

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Answer from: Quest

apex verified answer < 3

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Answer from: Quest

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

$mu{n} = tu{n} -tu{n-1}$

so, marginal utility at the 4th unit will be given by

$mu{4} = tu{4} -tu{3}$

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.

Answer from: Quest

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming took charge and showed us the understanding of this project. his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group. i think a leader i would have done exactly what he did but with much more patience and be there more to explain. such as lunch learning. and giving everybody a chance to try to explain it in their head.

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