Examlex

Solved

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 151

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The manager of a used-car dealership is very interested in the resale price of used cars.The manager feels that the age of the car is important in determining the resale value.He collects data on the age and resale value of 15 cars and runs a regression analysis with the value of the car (in thousands of dollars) as the dependent variable and the age of the car (in years) as the independent variable.Unfortunately,the printout had lost some of the results,identified by"A" through"F".The partial results left are displayed below. THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: The manager of a used-car dealership is very interested in the resale price of used cars.The manager feels that the age of the car is important in determining the resale value.He collects data on the age and resale value of 15 cars and runs a regression analysis with the value of the car (in thousands of dollars) as the dependent variable and the age of the car (in years) as the independent variable.Unfortunately,the printout had lost some of the results,identified by A  through F .The partial results left are displayed below.   -What is the value of  B ? A) 2.58 B) 6.67 C) 3.75 D) 3.95
-What is the value of "B"?


Definitions:

Marketing Factors

Elements that influence and determine the viability and success of marketing strategies and activities.

Test Market

A geographic region or demographic group used to gauge the potential success of a product or service in the wider market.

Delivery Service

A company or business model that transports goods from a point of origin to a predetermined destination for a customer.

Experimental Market

A trial marketplace used for conducting research, where new products or strategies are tested before a full-scale launch.

Related Questions