TABLE 14-1 A Manager of a Product Sales Group Believes the Number

question 134

Multiple Choice

TABLE 14-1
A manager of a product sales group believes the number of sales made by an employee (Y) depends on how many years that employee has been with the company (X₁) and how he/she scored on a business aptitude test (X₂) .A random sample of 8 employees provides the following:
-Referring to Table 14-1,for these data,what is the estimated coefficient for the variable representing scores on the aptitude test,b₂?

• A)0.998
• B)3.103
• C)4.698
• D)21.293

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Definitions:

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding production costs.

Gross Margin

Gross margin is a financial metric that measures the difference between revenue and the cost of goods sold (COGS), divided by revenue.

Accounts Receivable Turnover

A ratio that measures how effectively a company collects its receivables, calculated by dividing total net sales by the average accounts receivable.

Inventory Turnover Ratio

A metric indicating how often a company's inventory is sold and replaced over a specific period, useful in evaluating the efficiency of inventory management.