Data Is Collected from 20 Sales People in Order to Verify

question 126

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. (or use the excel file #contacts and sales n = 20 data only) Determine the 95% prediction interval for Sales when 25 contacts are made.

• A) $14,499, $69,545
• B) $14.499, $49.265
• C) $34,779, $49,265
• D) $34.78, 449.27
• E) $14.50, $69.55

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Definitions:

Behavioral Patterns

Regularities in the behavior of individuals or groups, often studied in psychology and economics to predict responses to stimuli or decisions.

Arbitrage Activity

The practice of buying and selling equivalent assets in different markets to exploit price discrepancies for a risk-free profit.

Sentiment Indicator

A measure used to gauge the general sentiment of investors or consumers, often derived from surveys or market data.

Short Interest

The complete count of shares from a specific stock, which are currently short sold by investors and remain uncovered or unsettled.