Suppose You Estimate the Following Regression of a Movie's Ticket

question 38

Multiple Choice

Suppose you estimate the following regression of a Movie's ticket sales and the season of year (Summer =1 if in May, June, July, August, =0 otherwise) that movie's initial release was in: Sales = 295,342 + 40.24 Summer. You are willing to believe you have a random sample of store locations, and a sufficiently large sample size. Which statements are well justified by the regression results?

• A) Movies released in the summer tend to have higher ticket sales.
• B) Moving the scheduled release of a movie from the winter to the summer will increase its sales by 40.24.
• C) Moving the Jurassic World release date to Christmas instead of 4^th of July weekend, would have resulted in ticket sales of 295,342.
• D) Promotional activities increase the number of movie tickets sold holding other factors fixed.

Discern the difference between legal and ethical considerations in business decisions.

Define business ethics beyond mere compliance with the law.

Grasp the role of ethics in global business practices.

Comprehend the WH process of ethical decision-making and its application.

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Definitions:

Process

A series of actions or steps taken to achieve a particular end.

Norm

An understood rule for accepted and expected behavior in a society or group.

Inter-Team Dynamics

Inter-team dynamics occur as groups cooperate and compete with one another.

Mutual Animosities

Feelings of strong dislike or hostility that are shared reciprocally between individuals or groups.