A Counseling Service Records the Number of Calls to Their

question 70

Multiple Choice

A counseling service records the number of calls to their hotline for the last year. use this table to answer the following questions:
$$\begin{array} { | l | c | } \hline { \text { Month } } & \text { Demand } \\\hline \text { Tanuary } & 111 \\\hline \text { February } & 127 \\\hline \text { March } & 146 \\\hline \text { April } & 159 \\\hline \text { May } & 165 \\\hline \text { fune } & 165 \\\hline \text { fuly } & 178 \\\hline \text { August } & 182 \\\hline \text { September } & 191 \\\hline \text { October } & 208 \\\hline \text { November } & 223 \\\hline \text { December } & 228 \\\hline\end{array}$$
-What is the forecast for August if a regression equation is used to model this data?

• A)188.3
• B)179.9
• C)180.6
• D)175.7

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Definitions:

Incentive Structures

Systems or processes designed to motivate individuals to perform certain actions by offering rewards or punishments.

Principal-Agent Problem

Refers to a situation in business where there is a conflict of interest between a principal (e.g., an owner or shareholder) and an agent (e.g., a CEO or manager) hired to act on the principal's behalf.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interests and rights to dividends.

Workers

Workers are individuals engaged in physical or intellectual activities to produce goods or provide services in exchange for wages.