Data Is Collected from 20 Sales People in Order to Verify

question 80

Multiple Choice

Data is collected from 20 sales people in order to verify that the more contacts made with potential clients, the greater the sales volume. The Excel printout is shown below. From this printout you determine:

• A) there is a very weak relationship between the # of contacts and the sales $.
• B) there is a very strong relationship between the # of contacts and the sales $.
• C) the regression equation is y = 1.98 x + 7.55.
• D) the regression equation is y = -7.55 x + 1.98.

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Definitions:

Predetermined Overhead Rates

The estimated overhead cost per unit of the allocation base, calculated at the beginning of the period.

Machine-Hours

The total amount of time machines are operated to produce goods.

Manufacturing Departments

Divisions within a manufacturing organization, each specializing in different stages of the production process, from raw materials processing to finished products.

Machining

A manufacturing process of shaping metal or other materials by using tools such as lathes, mills, drills, or grinders.