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

question 127

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 scores on the aptitude test, b2?

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

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Definitions:

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the bank.

Fiscal Policy

Governmental policies regarding taxation and spending to influence an economy.

Monetary Policy

The actions taken by a central bank, currency board, or other regulatory authority to control the supply of money and interest rates in an economy.

Lender Of Last Resort

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky.