The Following Is a Scatterplot of a Company's Profits Versus

question 22

Multiple Choice

The following is a scatterplot of a company's profits versus their sales (in dollars) . Each point on the plot represents profits and sales during one of the months in the sample. Assume that the point in the far upper right was erroneous, resulting from inaccurate data entry. Which of the following statements will be correct once that point is removed from the regression analysis?

• A)The slope will decrease but will remain positive.
• B)The slope will decrease and may become negative.
• C)There will still be a clear linear trend, because the points are randomly scattered above and below the zero line.
• D)The assumptions for regression will be violated and there can be no definitive, straight-line trend.

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Definitions:

Performance Goals

Objectives set to measure the effectiveness and efficiency of an individual's or organization's work output.

Behavioral Goals

Set objectives focusing on specific and observable actions individuals aim to perform or modify.

Implementation Goals

Objectives that focus on the execution of plans or strategies, aiming at achieving specific outcomes.

Work Very Hard

Exerting a high level of effort and dedication toward achieving goals or completing tasks.