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A Sales Manager for an Advertising Agency Believes There Is

question 84

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A sales manager for an advertising agency believes there is a relationship between the number of
Contacts and the amount of the sales. To verify this believe, the following data was collected: A sales manager for an advertising agency believes there is a relationship between the number of Contacts and the amount of the sales. To verify this believe, the following data was collected:     The y-intercept in this instance suggests: A)  for each additional contact made, the salesperson can anticipate an additional $2,195 in sales. B)  when no contacts are made, the salesperson can anticipate sales of $2,195. C)  for each additional contact made, the salesperson can anticipate a drop of $12,201 in sales. D)  when no contacts are made, the salesperson can anticipate sales of $12,201. E)  when no contacts are made, the salesperson can anticipate negative sales-therefore the regression model doesn't make sense for no contacts.
A sales manager for an advertising agency believes there is a relationship between the number of Contacts and the amount of the sales. To verify this believe, the following data was collected:     The y-intercept in this instance suggests: A)  for each additional contact made, the salesperson can anticipate an additional $2,195 in sales. B)  when no contacts are made, the salesperson can anticipate sales of $2,195. C)  for each additional contact made, the salesperson can anticipate a drop of $12,201 in sales. D)  when no contacts are made, the salesperson can anticipate sales of $12,201. E)  when no contacts are made, the salesperson can anticipate negative sales-therefore the regression model doesn't make sense for no contacts.
The y-intercept in this instance suggests:


Definitions:

Equivalent Units

Equivalent units are a concept used in cost accounting to express the amount of work completed in terms of fully finished units, especially in processes involving partial completion of units.

Materials

Substances or components used in the manufacturing or production process, a broader term that may include raw materials and other inputs.

Weighted-average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Work in Process

Inventory that includes goods partially completed but not yet ready for sale, representing costs of direct labor, materials, and overhead.

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