Determine interpretation of coefficient of determination
Please comment on whether the estimated function in question 1 is a good fit or not. What is the interpretation of coefficient of determination (R-square)? Does the regression show overall significance at 5%? (20%)
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Suppose that the cost function of X is given by: C=500-10X+(25X^2). Find the variable cost (the part that varies with the quantity X). Find the fixed cost (the part that does not vary with the quantity X).
If a portion of the loans extended by commercial banks is taken as cash rather than as checkable deposits, the maximum money-creating potential of the commercial banking system will?
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