Data Is Collected from 20 Sales People in Order to Verify

question 143

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 Mega Stat printout is shown below. Analyzing this printout we can determine:

• A) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.05 level of significance.
• B) the value of t indicates that the coefficient of correlation is greater than zero when using the 0.01 level of significance.
• C) the p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance.
• D) for each extra contact made, sales can be anticipated at approximately $1,113.
• E) the value of t indicates that the coefficient of correlation is greater than zero at both the 0.05 and 0.01 levels of significance. The p-value indicates that the coefficient of correlation is greater than zero when tested at the 0.01 level of significance. For each extra contact made, sales can be anticipated at approximately $1,983.

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Definitions:

Assets

Economic resources owned or controlled by a business, expected to provide future benefits.

Supplies

Items or materials used in the operation of a business, often consumable in nature.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, essentially the net assets owned by the proprietors.

Liability

Financial obligations or debts that a company owes to others, which need to be settled over time through the transfer of economic benefits including money, goods, or services.