TABLE 17-12 The Marketing Manager for a Nationally Franchised Lawn Service Company

question 180

True/False

TABLE 17-12
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service.A random sample of 30 home owners located in a suburban area near a large city was selected; 15 did not have a lawn service (code 0)and 15 had a lawn service (code 1).Additional information available concerning these 30 home owners includes family income (Income,in thousands of dollars),lawn size (Lawn Size,in thousands of square feet),attitude toward outdoor recreational activities (Attitude 0 = unfavorable,1 = favorable),number of teenagers in the household (Teenager),and age of the head of the household (Age).
The Minitab output is given below:
-True or False: Referring to Table 17-12,there is not enough evidence to conclude that Age makes a significant contribution to the model in the presence of the other independent variables at a 0.05 level of significance.

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Definitions:

Investing Activity

Transactions involving the acquisition or disposal of non-current assets, including investments in other entities.

Operating Activities

These are the day-to-day activities of a business that involve producing and selling goods or providing services, and include cash flows related to sales, expenses, and working capital.

Investing Activities

Investing Activities involve the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Financing Activities

Transactions and events where cash is raised or repaid to finance the company’s operations or investments, typically involving debt, equity, and dividends.