The problem with problems

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Instructions
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------------------------------------------------- The exam is closed book and closed notes.
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------------------------------------------------- Please answer the multiple choice & true/false questions by clearly marking only one option on the ParScore sheet. If you do not clearly mark only one option, the question will be marked as incorrect.
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------------------------------------------------- The total time allowed is 2 hours.
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------------------------------------------------- Bathroom breaks are only allowed before the exam begins.
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------------------------------------------------- Students are permitted to use a pocket calculator but not cell phones. Students may not share calculators.
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------------------------------------------------- There is no partial credit for incorrect answers.
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1. Three general types of site location systems were discussed in class: an informal system, a factor rating system, and regression based systems. Under what business conditions - if any - should each of these systems be used?

Consider the regression output below to predict a hotel property’s profit margin, and answer questions 2-5:

2. What are the predictor variables for hotel profit margin?

3. Which of the predictor variables are significant at the 95% level?

4. Is at least 50% of