Exhibit 20

question 53

Multiple Choice

Exhibit 20.2 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
Refer to Exhibit 20.2.What will average sales be equal to when 10 salespeople are used?

• A)$358,000
• B)$463.20
• C)$358.00
• D)$463,200
• E)More information is needed to answer this question.

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Definitions:

Small Business Administration

A U.S. government agency that provides support to entrepreneurs and small businesses through loans, grant programs, and counseling.

Office of Advocacy

A governmental entity that represents the views and concerns of small businesses before federal agencies and Congress.

Thomas Friedman

An American journalist and author known for his work on globalization, international affairs, and environmental issues.

The World is Flat

"The World is Flat" is a concept popularized by Thomas Friedman, suggesting that global technological advancements and interconnectedness have leveled the economic playing field across nations.