For Each of the Following Scenarios Indicate Which Is the Predictor

question 31

Essay

For each of the following scenarios indicate which is the predictor variable and which
is the response variable.
a. A supermarket chain gathers data on the amount they spend on promotional material
(specials, coupons, etc.) and sales revenue generated each quarter.
b. Government-sponsored research investigated the relationship between number of hours
individuals spend on the Internet and age.
c. A real estate association conducted a study on home prices and economic strength for
different regions of the United States.

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Definitions:

Credit Sale

A business transaction in which the purchaser buys goods or services on account, agreeing to pay the seller at a future date.

Pay Later

A type of payment arrangement allowing the purchaser to buy goods or services and defer payment to a future date.

Sales Receipt

A document that records a transaction where the payment is made immediately at the time of sale.

Invoice

An invoice is a document issued by a seller to a buyer, outlining products or services provided, amounts due, and payment terms.