After Some Experimentation, You Have Observed the Following Data Concerning

question 31

Multiple Choice

After some experimentation, you have observed the following data concerning the relationship between marketing and sales. Use Excel's curve fitting method to find the best quadratic equation to model this relationship.
$\begin{array}{|l|c|c|c|c|c}\hline \begin{array}{l}\text { Marketing } \\(\$) \end{array} & 100 & 110 & 120 & 130 & 140 \\\hline \begin{array}{l}\text { Sales } \\(\$ 100) \end{array} & 310 & 400 & 500 & 600 & 700 \\\hline\end{array}\begin{array}{|r|r|r|r|r|r|}\hline \\150 & 160 & 170 & 180 & 190 & 200 \\\hline \\850 & 975 & 1,100 & 1,300 & 1,425 & 1,600 \\\hline\end{array}$

• A) 0.11x2 + 1.4x + 40
• B) 0.05x2 ? 1.1x ? 44
• C) 0.05x2 + 1.1x + 44
• D) 0.11x2 ? 1.4x ? 40
• E) 0.05x2 ? 1.1x + 44

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Definitions:

Currency Exchange

The process by which one currency is converted into another, enabling international trade and investment.

Nationalizations

The process by which governments take private assets into public ownership, typically key industries or resources.

Polycentric

An approach in international business where a company gives autonomy to each host country operation to tailor strategies and practices to local conditions.

Geocentric

An approach or viewpoint that considers the earth as the center, often used in the context of international business to describe a strategy that views the world as a potential market with no inherent borders.