Economic fine-tuning is the (usually frequent) use of Group of answer choices fiscal policy that both balances the budget and counteracts even small undesirable movements in economic activity. monetary and fiscal policies to counteract even small undesirable movements in economic activity. only fiscal policy to counteract even small undesirable movements in economic activity. monetary policy that is based on a predetermined steady growth rate in the money supply to counteract even small undesirable movements in economic activity.

Answers

Answer 1

Answer:

monetary and fiscal policies to counteract even small undesirable movements in economic activity.

Explanation:

Economic fine-tuning is the (usually frequent) use of monetary and fiscal policies to counteract or subvert even small undesirable movements in economic activity.

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

On the other hand, Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.


Related Questions

Choosing a home can be a very personal matter. Some people care most about the location, while others are most concerned about the size, style, and amenities. What are your top priorities in choosing a home? What do you feel is unimportant in a home? Based on your priorities, what type of house do you think you'd be likely to buy?

Answers

Answer:

1:if i have enough money for the purchase.

2:if it suits my personal attributes.

If the firm finances investment spending out of retained earnings, then the interest rate is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the equivalent of income plus transfers minus taxes. the ratio of the total change in real gross domestic product (GDP) caused by an autonomous change in aggregate spending to the size of that autonomous change. the opportunity cost of using those funds for a particular investment project. irrelevant.

Answers

Answer: the opportunity cost of using those funds for a particular investment project.

Explanation:

Financing investment from the retained earnings of a company might seem like a costless method of sourcing funds but there is a cost that needs to be accounted for. This is the opportunity cost of not using those retained earnings for something else.

For instance, if Parrain Inc. decided to expand using retained earnings when they could have invested in a project that gave a return of 12% per year, the interest rate for the expansion is that 12% they could have earned from the other project.

Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufacturers, but the demand for domestic autos is no more than 2.5 times the quantity produced at the bottom of the long-run average cost curve. What do you expect will happen to the domestic auto industry in the long run

Answers

Answer:

• One firm to have left.

• At least one will be suffering.

Explanation:

There are four companies in this scenario which means that demand should at least be 4 times the production for all of them to sell.

With demand at only 2.5 times, at least one company will not be selling enough cars to survive in the industry so they will exist.

Another one will stay but will face tough times because a demand of 2.5 times production will not be enough to Carter or three companies.

The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year. If the company decides to carry the long coat, management feels that the annual sales of the short jacket will decline from 1,120 to 1,040 units. Variable costs on the jacket are $228 and $435 on the long coat. The fixed costs for this project are $23,100, depreciation is $10,400 a year, and the tax rate is 34 percent. What is the projected operating cash flow for this project

Answers

Answer:

$134,546

Explanation:

Calculation to determine the projected operating cash flow for this project

Projected operating cash flow=

{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}

Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}

Projected operating cash flow= $134,546

Therefore the projected operating cash flow for this project is $134,546

Ilus
What are the gross sales?
Income Statement
For the Year Ended August 31, 2012
Revenues
Student Lessons
$29,520.00
Recital Sales
15,900.00
Total Revenues:
45,420.00
Expenses
Costumes and Accessories
Building Maintenance
Total Expenses:
16,700.00
11,320.00
28,020.00
*Call numbers in 000s)

Answers

The gross sales are the total amount of revenue earned before deducting any expenses. In this case, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.

Gross sales are the total amount of revenue generated from the sale of goods or services before any deductions are made for discounts, returns, or allowances. It represents the overall performance of a business and is an important metric for measuring growth and profitability. Gross sales are usually reported on the income statement, along with the cost of goods sold and other expenses, to calculate net income or loss.

Therefore, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.

Learn more about gross sales, here:

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"In the summer 2012 the lobster catch in Maine was especially large, but instead of celebrating the fisherman were suffering from a lower total revenue. (Source: New York Times, July 28, 2012) We learn from the article that despite the larger quantity of lobster caught, the total revenue of the fisherman decreased. This fact means that the demand for lobster is"

Answers

Answer:

Inelastic

Explanation:

The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand

Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down

So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic

Which is considered part of a person's income for the year?

50 shares of stock bought at $200 a share.

$1,000 in dividends from investments.

A gift worth $1,000.

O $1,000 discount on the purchase of a new car.

Answers

Answer:

$1,000 in dividends from investments.

Explanation:

Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable $ 109,000 $ 106,000 Inventory $ 139,000 $ 158,000 Sales on account $ 787,000 Cost of goods sold $ 501,000 The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 45 days 50 days 101 days 108 days

Answers

Answer:

d. 108 days

Explanation:

Average Inventory = (Beginning balance + Ending balance) / 2

Average Inventory = ($139,000 + $158,000) / 2

Average Inventory = $297,000 / 2

Average Inventory = $148,500

Inventory Turnover ratio = Cost of goods sold / Average Inventory

Inventory Turnover ratio =  $501,000 / $148,500

Inventory Turnover ratio = 3.37 times

Average days to sell inventory = Days in a year / Inventory Turnover ratio

Average days to sell inventory = 365 days / 3.37 times

Average days to sell inventory = 108.31 days

9. The cost for a car is $500 000, a decountered of 5% will be offered if the money is peld within 1 year. What is the trade discount?​

Answers

Answer:

The trade discount is the discount of 5% equivalent to $25,000

Explanation:

The question parameters are;

The cost of the car, c = $500,000

The amount the car's list price is discounted = 5%

The duration over which the payment for the car should be made to receive the discount = 1 year

Therefore, the trade discount is the 5% of the list price, which is equivalent to 5/100 × $500,000 = $25,000

A trade discount is a reduction of the retail price of a good which a wholesaler or manufacture of the good gives a trader, which may be a wholesaler or a retailer based on certain agreements, when a group of goods or a particular type of goods is purchased

When the production process is complete in process costing, the completed goods and the accumulated costs are transferred across departments using a journal entry that includes the following: multiple choice A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the first department in the series of processes. A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of processes. A debit to the Work in Process Inventory account for the first department in the series of processes and a credit to the Finished Goods Inventory account. A debit to the Work in Process Inventory account for the final department in the series of processes and a credit to the Finished Goods Inventory account.

Answers

Answer:

A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of process

Explanation:

In the case when the process related to the production is finished so the completed goods and accumulated profits could be transferred

So, the following should be the journal entry

Finished goods inventory XXXXX

          To Work in Process Inventory - Final dept XXXXX

(Being the production process is completed recorded)

Here the finished goods is debited as it increased the assets and credited the work in process as it decreased the assets

Chris laughed at some of the cultural mistakes companies made in advertising and promotion in international trade while he was in school. Now he was trying to determine what had gone wrong with the campaign he had planned in Latin America for his company's product, and it didn't seem quite as amusing. He narrowed the issues to sociocultural factors. He was looking at both __________ and __________. Group of answer choices

Answers

Answer:

He was looking at both visible artifacts and underlying values.

Explanation:

Visible artifacts are organizations attitude and behavior towards surroundings. Chris has identified some of the mistakes made in advertising by a company. He was trying to determine the issue with the marketing team of the company and he concluded the main reason to be sociocultural factor.

For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $2,000 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. Zim Company has a Supplies account balance of $6,600 at the beginning of the year. During the year, it purchased $2,800 of supplies. As of December 31, a physical count of supplies shows $1,200 of supplies available. Prepare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies account and the Supplies Expense account as of December 31.

Answers

Answer:

Adjusting Entries

December 31

Dr. Insurance Expense $2,000

Cr. Prepaid Insurance $2,000

December 31

Dr. Supplies Expense $8,200

Cr. Supplies account $8,200

Explanation:

On December 31, six months have been accrued and all of the amounts of prepaid insurance became accrued. hence it will be recorded as an expense.

Now calculate the supplies expense using the following formula

Supplies expense = Beginning Supplies + Purchases during the year - Ending Supplies = $6,600 + $2,800 - $1,200 = $8,200

MY FINAL QUESTION 80 POINTS! TAKE your time :) Look at image below
Task3
Your Blog
Evaluate your blog using the data analytics provided in the blog-hosting service. Then, create a report that summarizes your blog activities.

Investigate and analyze your blog activities. You will understand how blogs can be effective and what are the challenges involved in creating effective blogs and social media platforms. Use graphics, charts, and other forms of visual data to analyze your blog activities.

Answers

Explanation:

Understand your audience. ..Create your blog domain. ...Customize your blog's theme. ...Identify your first blog post's topic. ...Come up with a working title. ...Write an intro (and make it captivating). ...Organize your content in an outline. ...Write your blog post!

this is the guidence how to make blog

I hope u find this helpful

which term is used when businesses do not maximise output from given inputs ?​

Answers

Answer:

What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.

what do you mean by high and middle level profession.​

Answers

medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end

A company incurs factory overhead costs of $1,200 and applied $1,500. If the difference is considered immaterial, then the: (Check all that apply.) Multiple select question. Factory Overhead account has a credit balance of $300 before adjusting. adjusting entry will require a debit to Cost of Goods Sold. adjusting entry will require a credit to Cost of Goods Sold. Factory Overhead account has a debit balance of $300 before adjusting.

Answers

Answer:

Factory Overhead account has a credit balance of $300 before adjusting.

adjusting entry will require a credit to Cost of Goods Sold.

Explanation:

Given that the actual overhead is $1,200 so the same should be debited to factory overhead account

And, the applied overhead is $1,500 so the same should be credited to the factory overhead account

In addition to this, the applied overhead is more than the actual overhead

So, these two statements should be considered

A principal purpose of the Securities Exchange Act of 1934 is generally considered to be:

[A] To establish specific statutory standards for contractual agreements between those corporations issuing bonds and the representatives of investors who own the bonds.
[B] To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.
[C] To reimburse customers of failed broker/dealers.
[D] To establish standards to govern activities of those organizations which engage in the business of providing securities investment advice.

Answers

Answer:

[B] To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.

Explanation:

A stockbroker refers to an individual who is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.

Generally, a broker acts as an intermediary between a buyer (investor) and a seller (securities exchange) for a commission or an agreed upon fee after executing the deal. Thus, a broker also referred to as a stockbroker acts as a principal party in the buying or selling of stocks or securities in the financial markets.

Additionally, the actions or activities of a broker in the financial market is regulated by regulatory (financial) institutions such as the securities and exchange commission (SEC).

The SEC, an acronym for Securities and Exchange Commission was created under the Securities Exchange Act of 1934. The Act empowered the SEC to require registration of securities, security exchanges, and reporting by publicly owned firms.

Hence, a principal purpose of the Securities Exchange Act of 1934 is generally considered to be to protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.

Answer:

[B] To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.

Explanation:

A principal purpose of the Securities Exchange Act of 1934 is generally considered to be: To protect the public against unfair and inequitable practices in the over-the-counter market and on stock exchanges.

An agency problem can occur when A. it is difficult or expensive for the owners to verify what the agent is actually doing. B. the owners and agents have different attitudes toward risk. C. the desires and objectives of the owners and agents conflict. D. executives do not select risky strategies because they fear losing their jobs if the strategy fails. E. all of the above.

Answers

Answer:

The answer is E.

Explanation:

In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.

Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)

So all the options in the question represents agency problem.

The internet makes it more difficult to participate in international trade.
TRUE OR FALSE

Answers

Answer:

TRUE

Explanation:

Because it's giving every player a chance.

When choosing a distraction channel, the impact it has on an offering's costs can significantly affect the Of the offering and how much consumers are willing to pay for it

Answers

Hi, you've asked an incomplete question. However, I provided some explanations on distribution channels.

Explanation:

Interestingly, the term distribution channel is one often used in businesses today to refer to the various routes or intermediaries their goods or services passes through before it gets to the end-user or buyer.

Today the popular distribution channels among businesses include:

retailers,wholesalers,distributors, the Internet.

Among the various options, the internet has been attributed by some big businesses to be most instrumental in their distribution process.

Initial investments contributed to a company are which of the following? A. Shareholder's Capital and Debt B. Debt and Retained Earnings C. Shareholder's Capital and Assets​

Answers

Answer:

The answer is C. Shareholder's Capital and Assets.

Explanation:

Stockholders' equity, also referred to as shareholders' or owners' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings, and treasury stock.

Conceptually, stockholders' equity is useful as a means of judging the funds retained within a business.

Contributed capital, also known as paid-in capital, is the cash and other assets that shareholders have given a company in exchange for stock. Investors make capital contributions when a company issues equity shares based on a price that shareholders are willing to pay for them. The total amount of contributed capital or paid-in-capital represents their stake or ownership in the company.

Contributed capital may also refer to a company's balance sheet item listed under stockholders' equity, often shown alongside the balance sheet entry for additional paid-in capital.

Accounts receivable f. The right to receive cash in the future from customers for goods sold or for services performed. 2. Other receivables e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. 3 Debtor b. The party who receives a receivable and will collect cash in the future. 4. Notes receivable c. A written promise to pay a specified amount of money at a particular future date. 5. Maturity date d. The date when the note receivable is due. 6. Creditor

Answers

Answer:

1. Account receivable.

2. Other receivables.

4. Notes receivable.

5. Maturity date.

Explanation:

1. Account receivable: the right to receive cash in the future from customers for goods sold or for services performed. Accounts receivable can be defined as an account which gives information about legally enforceable monetary claims that are to be recovered by a company from a customer who is yet to make payment.

2. Other receivables: a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future.

3. Debtor: the party who receives a receivable and will collect cash in the future.

4. Notes receivable: a written promise to pay a specified amount of money at a particular future date.

5. Maturity date: it is the date when the note receivable is due.

The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $ 45,000 Sale of long-term investment $ 24,000 Dividends received on long-term investments $ 9,000 Paid off bonds payable $ 12,000 Depreciation expense $ 32,000 Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be: Multiple Choice $(32,000) $(69,000) $(12,000) $(21,000)

Answers

Answer:

$(21,000)

Explanation:

The computation of the  net cash provided by (used in) investing activities is shown below:

Cash flows from investing activties

purchase of plant and Equipment = -$45,000  

Sale of long term investment $24,000  

net cash used by investing activities - $21,000

Hence, the last option is correct

Use "auto.Dta". The study claims that average price of foreign cars is more than average price of domestic cars. Check validity of this claim by using dataset. Explain and mention all steps that are necessary for decision.

Answers

Answer:

Yes.

Explanation:

Yes, the claim of statement ''The study claims that average price of foreign cars is more than average price of domestic cars.'' is correct because the cars which is imported from foreign countries have high duty on them. This duty tax on these cars make them very expensive while on the other hand, the domestic cars have no duty on it so they are lower in price as compared to foreign cars.

Work-in-Process Inventory for Wendall Productions has a balance of $2,600 at the end of the accounting period. The cost summaries for the uncompleted jobs showed direct materials of $1,200 and direct labor of $800. Wendall applies manufacturing overhead on the basis of direct labor cost. The company's predetermined overhead rate is:
A. $1.00 per direct labor dollar
B. $0.65 per direct labor dollar
C. $0.50 per direct labor dollar
D. $0.75 per direct labor dollar

Answers

Answer:

D. $0.75 per direct labor dollar

Explanation:

Total work in process = $2,600

- Direct materials cost = ($1,200)

- Direct labor cost = ($800)

Manufacturing overhead = $600

Predetermined overhead cost = total overhead cost / total direct labor costs = $600 / $800 = $0.75 per direct labor dollar

The invention of the flying shuttle and the spinning jenny helped fuel the Industrial Revolution by making it possible for one person to do the work of many.

True
False

Subject: Career success skills

Answers

True I think tell me if I’m wrong

A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o

Answers

Answer:

B. evaluate the possible positive and negative effects of different economic decisions.

Explanation:

Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.

Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.

This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.

Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.


Imagine that you were reading an international marketing text in which you learned
that the GDP for a nation that was a member of the former Soviet Union was $1.56
billion. A few pages later in the same text, the book states that that nation's real GDP
was $800,000. From reading this information, you would know that:

Answers

Answer: this former member of the Soviet Union had a high rate of inflation

Explanation:

Real GDP refers to the measuring of the gross domestic product of a country after it has been adjusted for inflation. On the other hand, the nominal GDP hasn't been adjusted for inflation and makes use of current prices.

Since the real GDP is $800,000 while the other GDP given is $1.56 billion, then it can be infered that this former member of the Soviet Union had a high rate of inflation. This is because when there's inflation, the average of all the prices of the goods and services will rise which is depicted by the difference in the GDP given.

When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.

Answers

Answer: The question you wanted to ask is missing, The excerpt related to your question is missing but i was able to get it online but I could not attached it .

Question : pick the correct option

answer :

Chemical Bank, Washington Mutual, and Wells Fargo

Explanation:

When Hot Topic was refused by Union Bank, its financial managers submitted applications to Chemical Bank, Washington Mutual, and Wells Fargo.

Because these Banks were willing to accept and work  with the Hot topic .

Shrimpers in South Louisiana have accused China of selling shrimp in the United States at a lower price than U.S. suppliers. The goal of the Chinese, they argue, is to drive down the price of U.S. shrimp. The U.S. shrimpers are accusing the Chinese of Group of answer choices establishing an embargo. trade protectionism. applying import quotas. dumping. outsourcing.

Answers

Answer:

Dumping

Explanation:

Dumping is a term in economics that is used in describing a situation whereby a particular firm or country exports specific commodities to a particular foreign country at a price unit that is lower compared to the price unit that such commodity is being sold in that foreign country.

Hence, considering the situation described in the question above, the correct answer to the question is that the U.S. shrimpers are accusing the Chinese of DUMPING

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Richard is on a diet and has made a promise not to eat ice cream the entire year. However, during his best friend's party, he eats ice cream. He claims that he is only doing this because it was a very special occasion. He is exhibiting:______. Study the following graphic organizer, then determine which answer BEST completes the chart for space 1, space 2, and space 3.A.space 1: auxiliaryspace 2: Expresses actions being performedspace 3: RoboCup will remain at the cutting edge of technological advances.B.space 1: actionspace 2: Connects subjects and complements (i.e., predicate adjectives and predicate nominatives)space 3: RoboCup will remain at the cutting edge of technological advances.C.space 1: auxiliaryspace 2: Connects subjects and complements (i.e., predicate adjectives and predicate nominatives)space 3: RoboCup will remain at the cutting edge of technological advances.D.space 1: linkingspace 2: Connects subjects and complements (i.e., predicate adjectives and predicate nominatives)space 3: RoboCup will remain at the cutting edge of technological advances. Primary sensory afferent axons have widely varying diameters, and their size correlates with the type of receptor to which they are attached. 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Discuss any differences in the employment plans for private and public companies over the next 12 months. Which of the following phenomenon odd called photoelectric effect?A. High energy electrons impinge on a metallic Annie which emits electronsB. A high energy photon emits photons as it slows downC. A metal absorbs a quanta of light and then emits electronsD. Two electrons are created from a quanta of light. What are the measure of 1 and 2 ? Show your work or explain - 2.7f+0.3f-12- 5 =Plss help i need the answer right now plss. Theo Anh (Ch), ti sao ni An ninh hng khng c xem l yu t sng cn ? m bo an ninh hng khng l g ? What is the last phase of the website development process?O A. developmentOB.maintenanceO c. testingOD. design Cora is writing a program to make a motorcycle racing game. If Cora wants to speed of the motorcycle to appear on the screen when the game is played, then Cora needs to add something to the code that will make the speed Create a tree diagram that shows all the possible outcomes for tossing a coin and spinning a spinner with six equal sections numbered 1 through 6. 15. You are watching a baseball game on television that 15being broadcast from 4500 km away. The batter hitsthe ball with a loud "crack" of the bat. A microphoneis located 22 m from the batter, and you are 2.0 m fromthe television set. On a day when sound travels 343 m/sin air, what is the minimum time it takes for you to hearthe crack of the bat after the batter hits the ball? What are wildfires? (With detail) The following data represents the number of days absent and the final grade for a sample of college students in a general education course at a large state university. No. of absences 0 1 2 3 4 5 6 7 8 9 Final Grade 89.2 86.4 83.5 81.1 78.2 73.9 64.3 71.8 65.5 66.2 a) Which variable is the explanatory variable? b) Draw a scatter plot and describe your scatter plot (Direction, Strength, Form). c) Compute the correlation coefficient d) Does a linear relation exist between the number of absences and the final grade? Justify your answer. e) Write out the least-squares regression line equation. f) Compute and draw the residual (on your scatter plot) for a student who misses 5 class meetings. g) Explain the slope in context. h) Is the y-intercept meaningful in this situation? Explain. i) Compute and interpret the coefficient of determination. j) Construct a residual plot to verify the requirements of the least-squares regression model.