Instruction 14-11
the President of a Chain of Department Stores

question 41

Short Answer

Instruction 14-11
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1980.She uses Microsoft Excel to obtain the partial output below.The dependent variable is sales (in millions of dollars),while the independent variable is coded years,where 1990 is coded as 0,1991 is coded as 1,etc.
SUMMARY OUTPUT
Regression Statistics
$\begin{array} { l r } \text { Multiple R } & 0.604 \\ \text { R Square } & 0.365 \\ \text { Adjusted R Square } & 0.316 \\ \text { Standard Error } & 4.800 \\ \text { Observations } & 17 \end{array}$
$\quad\quad\quad\quad\quad\quad\quad$ Coefficients
$\quad$ Intercept $\quad\quad\quad\quad 31.2$
$\begin{array} { l l } \text { Coded Year } \quad & 0.78 \end{array}$
-Referring to Instruction 14-11,the fitted trend value (in millions of dollars)for 1995 is ________.

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Definitions:

Jefferson's Presidency

The period from 1801 to 1809 when Thomas Jefferson served as the third President of the United States, notable for the Louisiana Purchase and Lewis and Clark Expedition.

Federalist Policies

Policies related to or supporting a system of government in which several states unite under a central authority but retain certain independence.

Alexander Hamilton

An influential Founding Father of the United States, who served as the first Secretary of the Treasury and advocated for the federal government's assumption of state debts and a national bank.

Secretary of the Treasury

A high-ranking official responsible for developing and executing the government's financial policy, managing public finances, and overseeing the issuance of currency.