Suppose That the Relationship Between Sales (Y,in $000)and Number of Salespeople

question 21

Multiple Choice

Suppose that the relationship between sales (Y,in $000) and number of salespeople (X) is represented by the following regression equation: Y = 105.2 + 35.8X.What will be the average contribution to sales of one additional salesperson?

• A)$35.80
• B)$141,000
• C)$35,800
• D)$141.00
• E)More information is needed to answer this question.

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Definitions:

Agricultural Products

Goods produced through farming and cultivation of the land.

Farm Household

A household that is involved in agricultural activities, often residing on a farm where both living and farming activities take place.

Net Farm Income

The total income from agricultural activities after operating expenses and depreciation are subtracted.

Inferior Good

A type of good whose demand decreases as the income of consumers increases, inverse to normal goods.