TABLE 14-1 A Manager of a Product Sales Group Believes the Number

question 6

Multiple Choice

TABLE 14-1
A manager of a product sales group believes the number of sales made by an employee (Y) depends on how many years that employee has been with the company (X₁) and how he/she scored on a business aptitude test (X₂) . A random sample of 8 employees provides the following:
-Referring to Table 14-1, for these data, what is the estimated coefficient for the variable representing years an employee has been with the company, b₁?

• A) 0.998
• B) 3.103
• C) 4.698
• D) 21.293

---

Definitions:

Marketable Securities

These are liquid financial instruments that can easily be converted into cash at their current value in the financial markets.

Selling And Administrative Expenses

Expenses related to the selling of products and the management of the business, not directly tied to manufacturing.

Noncurrent Assets

Noncurrent assets are long-term assets not expected to be converted into cash or used up within one year, such as property, plant, and equipment.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership stake of shareholders.