Instruction 14-11
the Manager of a Marketing Consulting Firm Has $\text { SUMMAROUTPUT }$

question 16

Short Answer

Instruction 14-11
The manager of a marketing consulting firm has been examining his company's yearly profits. He believes that these profits have been showing a quadratic trend since 1990. He uses Microsoft Excel to obtain the partial output below. The dependent variable is profit (in thousands of dollars), while the independent variables are coded years and squared of coded years, where 1990 is coded as 0, 1991 is coded as 1, etc.
$\text { SUMMAROUTPUT }$
$\text { Regression Statistics }$
$\begin{array}{ll}\text { MultipleR } & 0.998 \\\text { R Square } & 0.996 \\\text { Adjusted R Square } & 0.996 \\\text { StandardError } & 4.996 \\\text { Observations } & 17\end{array}$

$\begin{array}{ll} & \text { Coefficients } \\\text { Intercept } & 35.5 \\\text { Coded Year } & 0.45 \\\text { Year Squared } & 1.00\end{array}$

-Referring to Instruction 14-11,the fitted value for 1995 is _______

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Definitions:

Environment

The surrounding or conditions in which a person, animal, or plant lives or operates, encompassing both natural and artificial elements.

Group

A collection of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity or identity.

Heritability Ratio

A statistical estimate of the proportion of observed variation in a particular trait that can be attributed to inherited genetic factors in a population.

Genetic Variation

The diversity in gene frequencies within a population, resulting from mutations, genetic recombination, and other processes.