A Regression Analysis of Company Profits and the Amount of Money

question 569

Multiple Choice

A regression analysis of company profits and the amount of money the company spent on
Advertising found r2 = 0.72 . Which of these is true?
I. This model can correctly predict the profit for 72% of companies.
II. On average, about 72% of a company's profit results from advertising.
III. On average, companies spend about 72% of their profits on advertising.

• A) II only
• B) I and III
• C) none of these
• D) III only
• E) I only

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Definitions:

Emphasizes Tasks

Refers to an approach or management style that prioritizes the completion of tasks and achieving objectives over other considerations.

Team Members

Individuals who are part of a group collaboratively working towards a common goal.

Impoverished Manager

A management style characterized by a lack of effort to enhance productivity or foster a healthy work environment, showing minimal concern for both people and production.

Minimum Effort

Minimum effort refers to the least amount of work or exertion required to complete a task or achieve a goal.