Assume That the Current Date Is February 1,2003 Determine the Predicted Sales for This Month

question 1

Multiple Choice

Assume that the current date is February 1,2003.The linear regression model was applied to a monthly time series based on the last 24 months' sales (from January 2000 through December 2002) .The following partial computer output summarizes the results. $$\begin{array} { l c c } \text { Coefficient } & \text { Estimate } & \mathrm { t } \\\text { Intercept } & 4.3 & 2.07 \\\text { Slope } & 1.6 & 2.98\end{array}$$
Determine the predicted sales for this month.

• A)45.9
• B)42.7
• C)44.3
• D)109.1
• E)113.4

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Definitions:

Organizational Culture

Reflects the set of values, traditions, and customs that guide a firm’s employees’ behavior.

Geography

The study of places, the relationships between people and their environments, and how physical and human processes interact on Earth.

Autocratic Buying Center

A buying center in which one person makes the decision alone, though there may be multiple participants.

Majority Rules

A decision-making principle whereby the option that receives the most votes or support among a group is chosen.