Selling Price and Amount Spent Advertising Were Entered into a Multiple

question 17

Multiple Choice

Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales.The adjusted R² value was reported as 83.3%.This means that ________________________ .

• A)selling price and amount spent advertising do not describe TV sales well
• B)83.3% of the variance in TV sales can be accounted for by selling price
• C)83.3% of the variance in TV sales can be accounted for by amount spent advertising
• D)83.3% of the variance in TV sales can be accounted for by the model including both selling price and amount spent advertising
• E)both selling price and amount spent advertising are significant predictors of TV sales

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Definitions:

Transfer Price

The price charged for goods or services transferred between divisions or units of the same company.

Additional Parts

Extra components or pieces supplied beyond the original requirements, often used for repairs, replacements, or enhancements.

Idle Capacity

The available production capacity that is not being used, often indicating inefficiency or unmet demand.

Transfer Price

The price at which goods or services are transferred between departments or divisions within the same company, often used for budgeting and accounting purposes.