The Dean of a School of Business Is Forecasting Total

question 37

Multiple Choice

The dean of a school of business is forecasting total student enrolment for this year's summer session classes based on the following historical data: What is the annual rate of change (slope) of the least squares trend line for these data?

• A)0
• B)200
• C)400
• D)180
• E)360

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Definitions:

Laissez-faire Market

An economic model where exchanges between individuals or businesses are not subject to governmental regulations, preferential treatments, duties, or financial support.

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.