Data Is Collected from 20 Sales People in Order to Verify

question 135

Multiple Choice

Data is collected from 20 sales people in order to verify that the more contacts made with potential
Clients, the greater the sales volume. The MegaStat printout is shown below.

Analyzing this printout we can determine:

• A) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.05 level of significance.
• B) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.01 level of significance.
• C) the p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance.
• D) for each extra contact made, sales can be anticipated at approximately $1,113.
• E) the value of t indicates that the coefficient of correlation is greater than zero at both the 0.05 and 0.01 levels of significance. The p-value indicates that the coefficient of correlation

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Definitions:

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it.

Scapegoating

The practice of unfairly blaming an individual or group for problems or negative outcomes, often without justification.

Aggression

Behavior intended to harm or intimidate others, which can be physical, verbal, or non-verbal, motivated by a variety of factors including frustration, social learning, or biological predisposition.

Hindsight Bias

The tendency to believe, after an outcome is already known, that one would have foreseen it, often referred to as the "I-knew-it-all-along" effect.