A Local Parent Group Was Concerned with the Increasing School

question 2

Multiple Choice

A local parent group was concerned with the increasing school cost for families with school aged children.The parent group was interested in understanding the relationship between the
The academic grade level for the child and the total costs spent per child per academic year.They
Performed a multiple regression analysis using total cost as the dependent variable and academic
Year (x₁) as the independent variables.The multiple regression analysis produced the following
Tables.
These results indicate that ____________.

• A)none of the predictor variables is significant at the 5% level
• B)each predictor variable is significant at the 5% level
• C)x1 is the only predictor variable significant at the 5% level
• D)x12 is the only predictor variable significant at the 5% level
• E)each predictor variable is insignificant at the 5% level

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Definitions:

Marketing Strategy

A comprehensive plan crafted to meet the marketing goals of an organization by effectively reaching and converting the target audience.

Contingency Plan

A strategy designed to take account of possible future events or circumstances.

Strategic Plan

An organization’s plans for key functional areas, such as marketing, human resources, finance, and risk management.

Sales Forecast

An estimation of the amount of products or services that will be sold in a specific future period, based on historical sales data, market trends, and other factors.