The Following Table Shows the Number of Cars Sold Last

question 127

Multiple Choice

The following table shows the number of cars sold last month by six dealers at Centreville Nissan dealership and their number of years of sales experience. Management would like to use simple regression analysis to estimate monthly car sales using the number of years of sales experience. The slope of the regression equation is equal to ________.

• A) −3.33
• B) 0.71
• C) 1.00
• D) 6.15

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Definitions:

Centralization

The concentration of decision-making authority at upper levels of an organizational hierarchy.

Demand Instrument

A financial document or security that requires payment of the specified amount on demand by the holder, without specifying a particular time for repayment.

Bearer Instrument

A negotiable financial instrument that is not registered in anyone's name and can be transferred from one person to another by possession.

Two-party Instrument

A financial document or contract that involves two parties directly, typically involving a payer and a payee.