A Random Sample of 79 Companies from the Forbes 500

question 48

Multiple Choice

A random sample of 79 companies from the Forbes 500 list (which actually consists of nearly 800 companies) was selected,and the relationship between sales (in hundreds of thousands of dollars) and profits (in hundreds of thousands of dollars) was investigated by regression.The following results were obtained from statistical software. Is there strong evidence of a straight-line relationship between sales and profits? Explain briefly.

• A)Yes,because the slope of the least-squares line is positive
• B)Yes,because the P-value for testing if the slope is zero is quite small
• C)No,because the value of the square of the correlation is relatively small
• D)It is impossible to say because we are not given the actual value of the correlation.

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Definitions:

Online Databases

Digital collections of organized information or data, typically stored and accessed electronically from a computer system or over the Internet.

Specific Job Openings

Particular vacancies or positions available for employment within an organization.

Egotism

An excessive sense of self-importance, often manifesting in self-centered behavior and a lack of consideration for others.

Action Verbs

Verbs used to describe actions taken by a subject, often used in resumes and job descriptions to showcase achievements and capabilities.