Suppose You Regress Ice Cream Sales on the Number of Children

question 8

Multiple Choice

Suppose you regress Ice Cream Sales on the number of children under age 10 and on binary dummy variables indicating the 2^nd,3^rd,and 4^th quarters of the year and you get (p-values in parentheses)


$$\begin{array} { lllll } Ice ~\widehat {Cream}~ Sales { } _ { t } =& 17.92 +& 8.63 Under 10 _ { t } + &14.61 Q 2 _ { t } + &5.32 Q _ { t } +& 1.08 Q 4 _ { t }\\&( 0.012 ) & ( 0.032 ) &( 0.037 ) & ( 0.124 ) &( 0.179 ) \\\end{array}$$
You should conclude that,holding all other independent variables constant,ice cream sales are statistically greater in

• A)Q1 than in Q4.
• B)Q1 than in Q3.
• C)Q2 than in Q1.
• D)Q1 than in Q2.

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Definitions:

Number of Suppliers

Refers to the total count of distinct suppliers that a company uses or maintains relationships with for procuring goods or services.

Unique-Event Risk

Risk associated with a specific and non-recurring event that can affect the outcome of a project or investment.

Super-Event

A significant occurrence or gathering with a large impact, often exceeding the scale and effects of typical events.

Total Shutdown

A situation where an organization ceases all operations, often due to economic challenges, natural disasters, or strategic decisions.