For Many Countries Tourism Is an Important Source of Revenue $(\$$

question 11

Multiple Choice

For many countries tourism is an important source of revenue. Data are collected
On the number of foreign visitors to a country (in millions) and total tourism revenue (in
Billions of dollars) for a sample of 10 countries. Below is partial regression analysis
Output with tourism revenue as the dependent variable. How much of the variability in
Tourism revenue is accounted for by the number of foreign visitors?
Regression Analysis: Tourism ($ bill) versus Visitors (mill) The regression equation is
Tourism $(\$$ bill $) =21.5+0.295$ Visitors (mill)

$\begin{array}{lrrrr}\text { Predictor } & \text { Coef } & \text { sE Coef } & \text { T } & \text { P } \\ \text { Constant } & 21.464 & 3.462 \\ \text { Visitors (mil1) } & 0.29497 & 0.07917\end{array}$

$S=2.58307 \quad \mathrm{R}-\mathrm{Sq}=63.4\%$

• A) 63.4 %
• B) 13.8 %
• C) 2.58 billion $
• D) 21.464 %
• E) 3.73 billion $

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Definitions:

Functional Group

A collection of individuals grouped based on their specific role, expertise, or function within an organization, aiming to accomplish designated tasks.

Product, Project, or Program Group

A collective of individuals working together on a shared product development, specific project, or program, focusing on a common goal or outcome.

Matrix Structure

An organizational structure that combines two or more types of organizational structures, typically functional and divisional, to gain the benefits of both.

Supplier Group

A collection of businesses or individuals that provide goods or services to a particular sector, organization, or manufacturing process.