A Local Tire Dealer Wants to Predict the Number of Tires

question 110

Multiple Choice

A local tire dealer wants to predict the number of tires sold each month.He believes that the number of tires sold is a linear function of the amount of money invested in advertising.He randomly selects 6 months of data consisting of tire sales (in thousands of tires) and advertising expenditures (in thousands of dollars) .The equation of the least squares line is, = 3 + 1x. Provide a managerial interpretation of the estimated y intercept.

• A)With no advertising dollars,we should expect to sale 3 tires.
• B)If there is no advertising,the sales are expected to be 3000 tires.
• C)For every thousand dollars in advertising expenditures,we should expect to sell 1000 tires.
• D)For every thousand dollars in advertising expenditures,we should expect to sell 3000 tires.

Understand the concept of performance and its evaluation metrics.

Recognize the importance of emotional intelligence in job performance.

Identify the role of general cognitive ability in performance across different job complexities.

Explain the relationship between emotional intelligence, cognitive ability, and job performance.

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Definitions:

NPV

Net Present Value; a financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows.

Percentage Of Risk

The proportion of risk involved in a particular investment or business decision, often expressed as a percentage.

Market Size

An estimate of the demand for a product or service within a particular market.

Cumulative Profit

The total profit accumulated over a period of time.