Alan Bissell, a Market Analyst for City Sound Online Mart

question 77

Multiple Choice

Alan Bissell, a market analyst for City Sound Online Mart, is analyzing sales from heavy metal song downloads.Alan's dependent variable is annual heavy metal song download sales (in $1,000,000's) , and his independent variables are website visitors (in 1,000's) and type of download format requested (0 = MP3, 1 = other) .Regression analysis of the data yielded the following tables. $$\begin{array} { | c | c | c | c | c | } \hline & \text { Coefficients } & \text { Standard Error } & t \text { Statistic } & p \text {-value } \\\hline \text { Iritercept } & 1.7 & 0.384212 & 4.424638 & 0.00166 \\\hline x _ { 1 } \text { (websitevisitors) } & 0.04 & 0.014029 & 2.851146 & 0.019054 \\\hline x _ { 2 } \text { (download format) } & - 1.5666667 & 0.20518 & - 7.63558 & 3.21 E - 05 \\\hline\end{array}$$ For MP3 sales with 10,000 website visitors, Alan's model predicts annual sales of heavy metal song downloads of ________________.

• A)$2,100,000
• B)$524,507
• C)$533,333
• D)$729,683
• E)$21,000,000

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Definitions:

Spontaneous Remission

The unexpected improvement or cure of a disease or condition that appeared permanently, without medical intervention.

Therapies

Treatment methods aimed at relieving illness or psychological problems.

Effectiveness

The degree to which something achieves its intended outcome or fulfills its purpose.

Spontaneous Remission

The unexpected improvement or cure of a disease or condition which occurs without any medical treatment or intervention.