Given the Following Information

question 33

Multiple Choice

Given the following information:
Compensation - $55,000 Communications - $3,000
Automobile - $7,000 Meals & entertainment - $9,500
Overhead - $12,000 Promotional materials - $2,000
Calls per day - 3 Profit margin - 10%
Net selling days - 200
-The average cost per call is:

• A) $124.17
• B) $127.50
• C) $147.50
• D) $114.75
• E) $144.17

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Definitions:

Independent-Samples T-Test

A statistical test used to determine if there is a significant difference between the means of two groups which are independent of each other.

Dependent-Samples T-Test

A numeric examination technique for assessing whether the mean values of two correlated groups differ significantly.

Regression

A statistical method used to determine the relationship between two or more variables, where one or more independent variables are used to predict the outcome of a dependent variable.

Analysis of Variance

A statistical procedure used to compare the means of three or more samples to determine if at least one of the sample means is significantly different from the others.