Weller, Inc

question 162

Multiple Choice

Weller, Inc. provided the following particulars for 2017: Calculate the average number of days that inventory was held by Weller, Inc. during 2017. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.)

• A) 208.57 days
• B) 106.41 days
• C) 101.96 days
• D) 104.29 days

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Definitions:

Intercept

The point where a line or curve crosses an axis on a graph, often referring specifically to where it crosses the Y-axis.

Y-Intercept

The point where a line or curve intersects the Y-axis of a graph.

Linear Regression Equation

A mathematical expression that describes a straight-line relationship between two variables, typically one dependent and one independent variable.

Pearson r

A measure of the linear correlation between two variables X and Y, ranging from -1 to 1, where 1 means total positive linear correlation, 0 means no linear correlation, and -1 means total negative linear correlation.