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Ages of couples 2007, part 2. Has the trend of decreasing difference in age at first marriage seen in Exercise 40 gotten stronger recently? Here are the scatterplot and residual plot for the data from 1975 through 2007, along with a regression for just those years.
a) Why is R2 higher for the first model (in Exercise 40)?
b) Is this linear model appropriate for the post-1975 data? Explain.
c) What does the slope say about marriage ages since 1975?
d) Explain why it's not safe to interpret the y-intercept.
Answer the following independent questions and show computations using the contribution margin technique to support your answer. How many units are sold to break even?
The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $40,000. If the lessor's interest rate implicit in the lease is 12%, the six beginning-of-the-year lease payments would be ??
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Prepare the appropriate eliminating entries for this transaction which would appear on the year-end December 31, 2005 worksheet.
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