Anita's DayCare Plans to Offer Third- Shift Childcare,based Upon the Opening

question 53

Multiple Choice

Anita's DayCare plans to offer third- shift childcare,based upon the opening of two new manufacturing plants in the area.Together the plants will hire 423 employees and run all three shifts.Initial test marketing results look promising.In considering launching this new service,Anita must first decide on .

• A)employee schedules
• B)local and state regulations
• C)timing
• D)identifying suitable new employees
• E)menu offerings

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Definitions:

Stepwise Regression

A method of regression analysis in which the selection of predictive variables is carried out by an automatic procedure.

Backward Elimination

A stepwise regression technique used in statistical analysis to select significant variables by starting with all variables and successively removing the least significant ones.

Forward Selection

A stepwise regression method where variables are added one by one to the model based on their statistical significance.

Stepwise Regression

A statistical method of building a model by adding or removing predictors based on their statistical significance.