TABLE 14-19 The Marketing Manager for a Nationally Franchised Lawn Service Company

question 256

Multiple Choice

TABLE 14-19
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; 11 did not have a lawn service (code 0) and 19 had a lawn service (code 1) .Additional information available concerning these 30 home owners includes family income (Income,in thousands of dollars) and lawn size (Lawn Size,in thousands of square feet) .
The PHStat output is given below:
-Referring to Table 14-19,which of the following is the correct interpretation for the Lawn Size slope coefficient?

• A)Holding constant the effect of income,the estimated number of lawn services purchased increases by 1.2804 for each increase of one thousand square feet in lawn size.
• B)Holding constant the effect of income,the estimated average number of lawn services purchased increases by 1.2804 for each increase of one thousand square feet in lawn size.
• C)Holding constant the effect of income,the estimated probability of purchasing a lawn service increases by 1.2804 for each increase of one thousand square feet in lawn size.
• D)Holding constant the effect of income,the estimated natural logarithm of the odds ratio of purchasing a lawn service increases by 1.2804 for each increase of one thousand square feet in lawn size.

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Definitions:

Physiologic Change

Alterations in the body's normal biological functions due to various causes, such as aging, disease, or environmental factors.

Electrolytes

Minerals in the body that have an electric charge, crucial for various bodily functions including nerve signaling and muscle contraction.

Gastrointestinal Tract

The series of hollow organs joined in a long, twisting tube from the mouth to the anus, including the stomach and intestines, that digest food and absorb nutrients and water.

Pancreatic Amylase

An enzyme produced by the pancreas that helps in the digestion of carbohydrates by breaking down starches into sugars.