latiamason16
17.02.2020 •
Business
A researcher at a large company has collected data on the beginning salary and current salary of 48 randomly selected employees.
The least‑squares regression equation for predicting their current salary from their beginning salary is = - 2532.7 + 2.12 x.
Mrs. Kathy Jones started working for the company earning $19,000. She currently earns $40,000. What is the residual for Ms. Jones?
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Ответ:
$2252.7
Explanation:
Residual is calculated by taking the difference of observed and predicted value.
The regression equation is
y= - 2532.7 + 2.12 x.
Where, y is the current salary and x is the beginning salary.
Mrs. Kathy Jones beginning salary= $19,000.
Mrs. Kathy Jones observed current salary= $40,000.
Residual for Mrs. Kathy Jones=Mrs. Kathy Jones observed current salary-Mrs. Kathy Jones predicted current salary.
Mrs. Kathy Jones predicted current salary
y^= - 2532.7 + 2.12 (19000)
y^= - 2532.7 + 40280
y^=37747.3
Mrs. Kathy Jones predicted current salary =$37,747.3
Residual for Mrs. Kathy Jones= $40,000-$37,747.3
Residual for Mrs. Kathy Jones=$2252.7
The residual for Mrs. Kathy Jones is $2252.7.
Ответ:
Solution:
Carla Inc.
Pension Worksheet - 2020
General journal Entries Memo Record
Items Annual pension Cash Pension Projected Plan
expense Asset/liability benefit oblig. assets
Balance, Jan 1 470,900 470,900
Service cost 38,500 38,500
Interest cost 37,672 37,672
Actual return 46,800 46,800
Contributions 24,300 24,300
Benefits 34,700 34,700
Journal entry, 29,372 24,300 5072
Dec 31, 2020
Balance, Dec 31 5072 512,372 507,300
2020