A Jewelry Designer Creates an Excel Sheet to List Different

question 31

Multiple Choice

A jewelry designer creates an excel sheet to list different items he sold on the previous day.Cells A1,B1,C1,and D1 contain headings-Order ID,Unit price,and Quantity,respectively.Cells A2 to A6 list the order ID for items sold-10001,10002,10003,10004,and 10005,respectively.Cells B2 to B6 list their respective unit price-$15,$18.5,$12,$9.5,and $6.Cells C2 to C6 list their respective quantities-20,32,16,15,and 10.If he enters the formula in cell D1 as: =VLOOKUP (10005,A1: H3,3,FALSE) ,what will the formula return?

• A) 10
• B) $6
• C) $12
• D) 10003

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Definitions:

Coefficient of Determination

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by one or more independent variables in a regression model.

SST

An abbreviation that can refer to several concepts depending on context, such as Sum of Squares Total in statistics, which measures the total variation in a dataset.

SSE

Sum of Squared Errors, a measure of the discrepancy between data points and a model's predictions, used in regression analysis.

Adjusted Value

A modification of a financial or statistical measure to reflect changes or to provide a more accurate overview.