A Manager of a Product Sales Group Believes the Number

question 273

Multiple Choice

A manager of a product sales group believes the number of sales made by an employee depends on how many years that employee has been with the company and how he/she scored on a business aptitude test.A random sample of 38 employees was selected to collect data on their number of sales,number of years with the company and scores on a business aptitude test.Which of the following would you perform to draw conclusion on the belief?

• A)One-way ANOVA.
• B)Simple linear regression.
• C)Two-way ANOVA
• D)Multiple linear regression.

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Definitions:

Retail Value

The price point at which goods are sold to consumers, typically set higher than the wholesale price to cover costs and generate profit.

Average Cost Retail Inventory Method

An inventory valuation method that determines the cost of ending inventory and cost of goods sold based on the average cost of all similar items in the inventory.

Cost-to-retail Percentage

A method used in inventory valuation that compares the cost of goods to their retail price to calculate inventory value.

Purchases Returns

Goods returned by the buyer to the supplier due to defects, damage, or other reasons, which can reduce the total amount of purchases.