Real estate investors, home buyers, and home owners often use the appraised value of a property as a basis for predicting sale price. Data on sale prices (y) and total appraised values (x) of 92 residential properties sold in 1999 in an upscale Tampa, FL neighborhood are located in the "tampalms" worksheet. Both values are in thousands of dollars. a) Calculate and interpret the correlation between x and y. b) Find the least squares estimates of the slope and intercept using R. c) Interpret the slope of the least squares line. d) Interpret the intercept of the least squares line. Does it have a practical meaning for this application? Explain. e) Conduct a test of model utility using = .05. f) Use the least-squares model to estimate the mean sale price of a property appraised at $300,000.

What are the factors that affects on the process of planning

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.

Describe a least two factors that a lender would consider if you applied for a business loan.