A Fitted Regression Profit = 262 + 1

question 97

Multiple Choice

A fitted regression Profit = 262 + 1.51 Sales (all variables in thousands of dollars) was estimated from a random sample of 15 small coffee kiosks. We can say that:

• A)the slope is too small to be significant.
• B)the intercept does not seem reasonable.
• C)the R² will be low due to small sample size.
• D)predictions are likely to be underestimated.

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Definitions:

Soft Cost

Expenses not directly related to physical construction in projects, including legal fees, permits, and architectural services.

Turnover

The rate at which employees leave an organization and are replaced by new personnel over a certain period.

Lost Production

The quantity of goods or services that could have been produced but were not due to disruptions, inefficiencies, or other factors.

Realistic Job Previews

An informative process or approach used by organizations to give prospective employees a true picture of what to expect in a job.