Alan Bissell,a Market Analyst for City Sound Mart,is Analyzing Sales

question 49

Multiple Choice

Alan Bissell,a market analyst for City Sound Mart,is analyzing sales of heavy metal CD's.Alan's dependent variable is annual heavy metal CD sales (in $1,000,000's) ,and his independent variables are teenage population (in 1,000's) and type of sales district (0 = urban,1 = rural) .Regression analysis of the data yielded the following tables: For an urban sales district with 10,000 teenagers,Alan's model predicts annual sales of heavy metal CD sales of ___.

• A)$2,100,000
• B)$524,507
• C)$533,333
• D)$729,683
• E)$21,000,000

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Definitions:

Demographic Characteristics

Attributes of a population such as age, race, gender, income, and education that are used in market segmentation and sociological research.

Echo-boom

A demographic pattern characterized by a significant increase in birth rates, following an earlier baby boom, particularly seen in Millennials.

Generational Cohort

A group of individuals born in the same period, who share similar cultural experiences, attitudes, and values.

Retirement Plans

Financial strategies and savings products aimed at providing individuals with income during their retirement years.