In a Particular Industry It Is Known That the Standardized

question 5

Multiple Choice

In a particular industry it is known that the standardized regression coefficient for predicting likely profit from number of advertisements is .7. A company is planning to place 18 advertisements. Which of the following pieces of information will be needed as part of predicting the actual amount of profit?

• A)Length of time the company has been in business
• B)Mean number of advertisements in general and standard deviation
• C)This company's profit to date
• D)This company's number of advertisements in the previous year

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Definitions:

IRS Form 940

A form used by employers in the United States to report their annual Federal Unemployment Tax Act (FUTA) tax.

Federal Unemployment Tax

A tax imposed on employers to fund state workforce agencies. Employers pay this tax to finance the unemployment compensation to workers who have lost their jobs.

Income Taxes

Taxes imposed by the government on the income generated by businesses and individuals.

Independent Contractors

Workers who provide services to a business under terms specified in a contract, not considered as employees of the company.