In a Significant Regression Model Determining If There Is a Relationship

question 6

Multiple Choice

In a significant regression model determining if there is a relationship between college GPA and sales performance (number of units sold in the previous month) , the 95% confidence interval for the number of units sold when GPA = 3.00 was
Determined to be 20.914 to 22.657. The correct interpretation is

• A) We can be 95% confident that the number of units sold per month by a particular Salesperson with a college GPA of 3.00 is between 20.914 and 22.657 units.
• B) We can be 95% confident that the average number of units sold per month by Salespersons with a college GPA of 3.00 is between 20.914 and 22.657 units.
• C) The number of units sold per month by a salesperson with a college GPA of 3.00 Will be between 20.914 and 22.657 units 95% of the time.
• D) 95% of the time the average number of units sold per month will be between 20.914 and 22.657 units.
• E) We can be 95% confident that each month between 20.914 and 22.657 units will Be sold.

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Definitions:

Net Cash Inflows

The total amount of cash that a company receives during a specific period, minus the cash expenditures.

Payback Period

The time it takes for an investment to generate an amount of income or cash flow to recoup the initial capital cost.

Net Present Value

Net present value (NPV) is a financial metric used to evaluate the profitability of an investment, calculated by subtracting the initial investment from the sum of all future cash flows discounted back to their present value.

Future Net

Refers to projected future networks or internet technologies that aim to surpass the current capabilities and standards.