SCENARIO 18-12 The Marketing Manager for a Nationally Franchised Lawn Service Company

question 191

Multiple Choice

SCENARIO 18-12
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service. A random sample of 30 home owners located in a suburban area near a large city was selected; 15 did not have a lawn service (code 0) and 15 had a lawn service (code 1) . Additional information available concerning these 30 home owners includes family income (Income, in thousands of dollars) , lawn size (Lawn Size, in thousands of square feet) , attitude toward outdoor recreational activities (Attitude 0 = unfavorable, 1 = favorable) , number of teenagers in the household (Teenager) , and age of the head of the household (Age) . The Minitab output is given below:

-Referring to Scenario 18-12, which of the following is the correct interpretation for the Attitude slope coefficient?

• A)Holding constant the effect of the other variables,the estimated number of lawn service purchased is 12.74 lower for a home owner who has a favorable attitude toward outdoor recreational activities than one that has an unfavorable attitude.
• B)Holding constant the effect of the other variables,the estimated odds ratio of purchasing a lawn service is 12.74 lower for a home owner who has a favorable attitude toward outdoor recreational activities than one that has an unfavorable attitude.
• C)Holding constant the effect of the other variables,the estimated natural logarithm of the odds ratio of purchasing a lawn service is 12.74 lower for a home owner who has a favorable attitude toward outdoor recreational activities than one that has an unfavorable attitude.
• D)Holding constant the effect of the other variables,the estimated probability of purchasing a lawn service is 12.74 lower for a home owner who has a favorable attitude toward outdoor recreational activities than one that has an unfavorable attitude.

Identify and characterize the different types of databases and their common usage scenarios.

Comprehend the concept of referential integrity and its importance in database relationships.

Understand how default values can be set in database fields and their purpose.

Describe unstructured data and differentiate it from other data types in the context of object-oriented databases.

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Definitions:

Algebraic Expression

A mathematical phrase that can contain numbers, variables, and operation symbols but no equals sign.

Evaluate

The process of calculating the value of an expression or determining the outcome of a mathematical operation.

Quarters

One-fourth portions of a whole, commonly used to divide years or financial results.

Pennies

The smallest denomination of currency in many countries, typically worth one-hundredth of the basic unit of currency.