The Regression Output for Sales and Number of Salespeople Are

question 24

Multiple Choice

The regression output for sales and number of salespeople are shown below. Model summary
$$\begin{array} { | l | c | r | r | r | } \hline \text { Model } & \boldsymbol { R } & \boldsymbol { R } \text {-square } & \begin{array} { c } \text { Adjusted } \\\boldsymbol { R } \text {-square }\end{array} & \begin{array} { r } \text { Std. error of } \\\text { the estimate }\end{array} \\\hline 1 & .746 ( \mathrm { a } ) & .556 & .541 & 46.873 \\\hline\end{array}$$ a Predictors: (Constant) , number of salespeople
ANOVA(b)
$$\begin{array} { | l | l | r | r | r | r | r | } \hline \text { Model } & & \begin{array} { c } \text { Sum of } \\\text { Squares }\end{array} & { \boldsymbol {d f } } & \text { Mean square } & \boldsymbol { F } & { \text { Sig. } } \\\hline 1 & \text { Regression } & 77152.238 & 1 & 77152.238 & 35.117 & .000 ( \mathrm { a } ) \\\hline & \text { Residual } & 61516.962 & 28 & 2197.034 & & \\\hline & \text { Total } & 138669.200 & 29 & & & \\\hline\end{array}$$ a Predictors: (Constant) , number of salespeople
B Dependent Variable: Sales (A$'000)
Coefficients(a)
$$\begin{array} { | l | l | cr | r | r | r |} \hline\text { Model } & & { \begin{array} { c } \text { Unstandardised } \\\text { coefficients }\end{array} } && \begin{array} { c } \text { Standardised } \\\text { coefficients }\end{array} & { \boldsymbol { t } } & { \text { Sig. } } \\\hline & & \boldsymbol { B } & \text { Std. Error } & \text { Beta } & & \\\hline 1 & \text { (Constant) } & 72.612 & 9.203 & & 2.565 & .013 \\\hline & \text { Number of salespeople } & 35.623 & 3.296 & .201 & 5.926 & .064 \\\hline\end{array}$$ a Dependent variable: Sales (A$'000)
The above shows that for every one-unit increase in number of salespeople, average sales will increase by approximately:

• A) 36 units.
• B) 73 units.
• C) 75 units.
• D) 108 units.

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Definitions:

Economic System

The structure and methods by which a society or country organizes and allocates its resources, goods, and services.

Domestication

The process of adapting wild plants or animals for human use, or the adaptation of technology within societal and cultural contexts.

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A quality of being religious or reverent, often characterized by a deep respect for God or devout fulfillment of religious obligations.

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A method of thinking where the focus is on achieving a specific goal or outcome, often at the expense of ethical considerations.