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:

Synergistic Increases

The potential financial benefit achieved through the combining of companies, resulting in improved efficiency and savings.

Accounting

The systematic process of recording, analyzing, and reporting financial transactions of a business.

Tax Point

The specific time at which a taxable event occurs, determining the tax consequences for the individual or entity involved.

Shareholder Approval

The consent given by shareholders, usually through voting, for corporate actions such as mergers, acquisitions, or issuing new shares.