TABLE 16-8
the President of a Chain of Department $\text {SUMMARY OUTPUT}$

question 40

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 1980. 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 1980 is coded as 0, 1981 is coded as 1, etc.
$\text {SUMMARY OUTPUT}$

$\begin{array}{lr}\text { Regression Statistics }\\\text { Multiple R } & 0.604 \\\text { R Square } & 0.365 \\\text { Adjusted R Square } & 0.316 \\\text { Standard Error } & 4.800 \\\text { Observations } & 17\end{array}$

$\begin{array}{lc} & \text { Coefficients } \\\text { Intercept } & 31.2 \\\text { Coded Year } & 0.78\end{array}$
-Referring to Table 16-8, the estimate of the amount by which sales (in millions of dollars) is increasing each year is______ .

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Definitions:

CRA

In a Canadian context, it stands for Canada Revenue Agency, the federal agency responsible for tax collection and administration.

Tax-free Status

The condition of not being subject to tax payments, applicable to certain accounts, entities, or income types under specific regulations.

Acquisition Bid

A proposal by one company to purchase another company, often through an offer to buy shares at a specified price.