SCENARIO 13-1
a Manager of a Product Sales Group Believes

question 123

Multiple Choice

SCENARIO 13-1
A manager of a product sales group believes the number of sales made by an employee (Y) depends on how many years that employee has been with the company (X1) and how he/she scored on a business aptitude test (X2) .A random sample of 8 employees provides the following: $$\begin{array} { c r r r } \text { Emplovee } & { Y } & { X _ { 1 } } & X _ { 2 } \\\hline 1 & 100 & 10 & 7 \\2 & 90 & 3 & 10 \\3 & 80 & 8 & 9 \\4 & 70 & 5 & 4 \\5 & 60 & 5 & 8 \\6 & 50 & 7 & 5 \\7 & 40 & 1 & 4 \\8 & 30 & 1 & 1\end{array}$$
-Referring to SCENARIO 13-1, for these data, what is the estimated coefficient for the variable representing years an employee has been with the company, b1?

• A)0.998
• B)3.103
• C)4.698
• D)21.293

Understand the concept of the production possibilities curve and its implications for economic efficiency and growth.

Recognize the impact of historical events, like the Black Plague, on economic structures and production capabilities.

Identify how technological progress and legal system improvements affect economic growth and the production possibilities curve.

Analyze the role of entrepreneurs in economic development and the process of creative destruction.

---

Definitions:

Personnel Psychologist

A professional who applies psychological principles and techniques to workplace issues, including talent acquisition, evaluation, training, and development.

Graphic Rating Scales

A method of evaluation that uses a visual scale marked with points along a continuum to measure attitudes, feelings, or levels of performance.

Behavior Rating Scales

Tools used to assess the behaviors, personality, and competencies of individuals through standardized ratings.

Checklists

Structured lists of items to be checked or completed, used as a reminder or to ensure consistency and completeness in carrying out tasks.