TABLE 16-8 The President of a Chain of Department Stores Believes That

question 66

Short Answer

TABLE 16-8
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1990. She uses Microsoft Excel to obtain the partial output below. The dependent variable is sales (in millions of dollars), while the independent variable is coded years, where 1990 is coded as 0, 1991 is coded as 1, etc.
SUMMARY OUTPUT
Regression Statistics

-Referring to Table 16-8, the forecast for sales (in millions of dollars) in 2010 is ________.

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Definitions:

Nonprobability Sampling

A type of sampling that does not attempt to ensure that every member of the target population has a chance of being selected.

Quota Sampling

A type of sampling in which a certain number of participants are picked based on selection criteria such as demographics.

Snowball Sampling

A non-probability sampling technique where existing study subjects recruit future subjects from among their acquaintances.

Tea Preferences

Individual choices or inclinations towards different types of tea based on taste, aroma, or origin.