THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 95

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.
-What is the approximate value of "F"?

• A)0.025
• B)0.05
• C)0.10
• D)0.01

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Definitions:

Purchase Decision

The stage in the buying process where a consumer chooses to buy a specific product or service, often after evaluating alternatives and making comparisons.

Opinion Leaders

Individuals who exert direct or indirect social influence over others.

Activewear

Clothing designed for sports or physical exercise, emphasizing comfort, functionality, and often fashion.

Opinion Leaders

Influential individuals within a community or group who have the power to affect others' attitudes or behaviors due to their authority, knowledge, or position.