Amelia used a random sample of 100 accounts receivable to estimate the relationship between days (number of days from billing to receipt of payment) and size (size of balance due in dollars). her estimated regression equation was days = 22 + 0.0047 size with a correlation coefficient of .300. from this information we can conclude thata) 30 per cent of the variation in days is explainedby size. b) if the account balance is $1000 it will take onaverage 26.7 days to receive payment. c) the relationship between days and size issignificant. d) larger accounts tend to take less time to pay.

High school seniors with strong academic records apply to the nation’s most selective colleges in greater numbers each year. because the number of slots remains relatively stable, some colleges reject more early applicants. suppose that for a recent admissions class, an ivy league college received 2851 applications for early admission. of this group, it admitted 1033 students early, rejected 854 outright, and deferred 964 to the regular admission pool for further consideration. in the past, this school has admitted 18% of the deferred early admission applicants during the regular admission process. counting the students admitted early and the students admitted during the regular admission process, the total class size was 2375. let e, r, and d represent the events that a student who applies for early admission is admitted early, rejected outright, or deferred to the regular admissions pool.suppose a student applies for early admission. what is the probability that the student will be admitted for early admission or be deferred and later admitted during the regular admission process?