Instruction 12-5
the Managing Partner of an Advertising Agency Believes

question 195

Short Answer

Instruction 12-5
The managing partner of an advertising agency believes that his company's sales are related to the industry sales.He uses Microsoft Excel's Data Analysis tool to analyse the last four years of quarterly data with the following results:
$\begin{array}{l}\text { Regression Statistics }\\\begin{array}{lll}\text { Multiple R } & 0.802 & \\\text { R Square } & 0.643 & \\\text { Adjusted R Square } & 0.618 & \\\text { Standard Error SYX } & 0.9224 \\\text { Observations } & 16\end{array}\end{array}$
ANOVA
$\begin{array}{lrcccc} & \text { df } & \text { SS } & \text { MS } & \text { F } & \text { Sig.F } \\\text { Regression } & 1 & 21.497 & 21.497 & 25.27 & 0.000 \\\text { Error } & 14 & 11.912 & 0.851 & & \\\text { Total } & 15 & 33.409 & & &\end{array}$

$\begin{array}{lllll}\text {Predictor} &\text {Coef}&\text {StdError}&\text {t Stat}&\text {P-value}\\\text { Intercept } & 3.962 & 1.440 & 2.75 & 0.016 \\\text { Industry } & 0.040451 & 0.008048 & 5.03 & 0.000\\ \\\text { Durbin-Watson Statistic}&1.59\\\end{array}$
-Referring to Instruction 12-5,the partner wants to test for autocorrelation using the Durbin-Watson statistic.Using a level of significance of 0.05,the critical values of the test are d_L = ________,and d_U = ________.

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Definitions:

Selection

Is concerned with identifying the best candidate or candidates for a job from among the pool of qualified applicants developed during the recruiting process.

Qualified Applicants

Individuals who meet the necessary skills, experience, and educational requirements that are set for a particular job position.

Recruiting Process

The series of actions taken by an organization to attract and select candidates for employment, typically involving sourcing, screening, and interviewing.

Vestibule Training

Involves a work-simulation situation in which the job is performed under a condition that closely simulates the real work environment.