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.

---

Definitions:

Single-use Plan

A strategic outline created to address a specific, one-time project or situation, not intended for repeated use in the future.

Marketing Strategy

A comprehensive plan designed to achieve marketing objectives, involving the identification of target markets and the formulation of actions to appeal to those audiences.

Operating Budget

A detailed projection of all projected income and expenses over a specific period, typically a financial year, used for running daily operations.

Quantitative Approaches

Research or analysis methods that involve the use of statistical, mathematical, or computational techniques to study phenomena and draw conclusions.