TABLE 13-1 A Manager of a Product Sales Group Believes the Number

question 162

Multiple Choice

TABLE 13-1
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 eight employees provides the following:
-Referring to Table 13-1, 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

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Definitions:

Total Fixed Expense Line

A representation of all fixed costs combined, often used in financial analysis to assess a company's expenses.

Contribution Margin Ratio

The percentage of each sale that contributes to covering fixed costs and generating profit, calculated as contribution margin divided by sales revenue.

Total Volume

The cumulative amount or quantity of something, often referring to production output or sales in a business context.

Unit Contribution Margin

The amount each unit sold adds to profit, calculated by subtracting variable costs associated with a product from the sales price per unit.