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

question 324

True/False

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,there is not enough evidence to conclude that Income makes a significant contribution to the model in the presence of the other independent variables at a 0.05 level of significance.

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Definitions:

Securities Trading Costs

Expenses associated with the buying and selling of securities, including brokerage fees, commissions, and taxes.

Speculative Reasons

Motives for making financial decisions based on the anticipation of future market movements, aiming for profit from fluctuations in asset prices.

Average Daily Float

The average amount of uncollected checks or electronic payments in the banking system at any given time.

Processing Delay

The time taken between the initiation and completion of a process, often referring to the time before a transaction or operation is executed.