Jones Corp

question 16

Multiple Choice

Jones Corp. has noticed that sales of its product seem to be related to a variable it calls Gamma. It has developed the data shown below. Develop a simple linear regression from the data and tell Jones what the sales forecast will be if Jones expects Gamma to be 16 (round your forecast to the nearest number of whole units) .

• A)31
• B)33
• C)28
• D)34

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Definitions:

Alternative Hypothesis

A hypothesis used in hypothesis testing that proposes there is a significant difference between the observed data and the null hypothesis.

Standard Error

The standard deviation of the sample distribution of a statistic, used to estimate the accuracy of the sample mean as a predictor of the population mean.

Sample Proportion

The fraction or percentage of the sample that represents part of a particular category or characteristic of interest.

Null Hypothesis

A hypothesis that assumes no significant difference or effect in the context of an experiment or test.