SCENARIO 16-6 The President of a Chain of Department Stores Believes That

question 68

Short Answer

SCENARIO 16-6
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1993.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 1993 is coded as 0,1994 is coded as 1,etc.

-Referring to Scenario 16-6,the estimate of the amount by which sales (in millions of dollars)is increasing each year is .

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Definitions:

Paycheck Amount

is the sum of money an employee receives from their employer as a result of their work, usually outlined on a paycheck.

W-2 Form

An official tax document used in the United States that reports an employee's annual wages and the amount of taxes withheld from their paycheck.

Earnings

The amount of money that an individual or business receives in exchange for labor, services, or investing capital, typically measured over a specific period of time.

Deductions

To deduct or subtract; remove, take away.