In a multiple regression problem involving two independent variables X1 and X2, what does it mean if the value of b1 is 3.2?
A) The relationship between X1 and Y is significant.
B) The estimated value of Y increases by an average of 3.2 units for each unit increase of X1, holding X2 constant.
C) The estimated value of Y increases approximately by 3.2 units for each unit increase of X2, holding X1 constant.
D) The estimated average value of Y is 3.2 units when X1 = 0.
B
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The state of Transas has set a maximum interest rate of 12 percent on loans. Matt borrows $10,000 from Tony to pay off a gambling debt. Both are residents of Transas
They sign a contract, which states that Matt would have to pay $1,500 as interest in one year to pay off the loan. Later, Matt gets to know about the state usury limit and sues Tony. What is the nature of the contract between Matt and Tony? A) It is illegal as it violates gambling statutes. B) It is legal as both parties were competent when the contract was signed. C) The contract is void as it violates usury laws. D) The contract is void as it is a contract to commit a crime.
Which of the following earns the most location-based marketing revenue?
A) Twitter B) Apple C) Facebook D) Google