Use the Following to Answer the Question(s) Below

question 24

Multiple Choice

Use the following to answer the question(s) below.
A manager of Kim & Lim corporate strategy department thinks that dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she analyzes the following sales and advertising numbers for 2015 (both in $millions) . Information was collected from eight companies of Kim & Lim.

-The sum of the cross-product of the deviations is found as follows: What is the coefficient of the correlation between x (Advertising) and y (Sales) ?

• A) 0.817
• B) 0.647
• C) 0.567
• D) 0.933
• E) 0.206

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Definitions:

Oral Agreement

A contract or agreement made through spoken words rather than written documentation, which may still be legally binding.

Admits to the Contract

The act of acknowledging or affirming one's acceptance of the terms and conditions of a contract, making it legally binding.

UCC

stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Sufficient Electronic Record

An electronic document that contains all the necessary information to be legally recognized and enforceable.