The Results of the Regression Analysis to Estimate Delivery Costs

question 63

Multiple Choice

The results of the regression analysis to estimate delivery costs are as follows
Which of the following statements represent a valid conclusion based on the above regression analysis output?

• A) 54.4% of transportation cost can be explained by the "number of cargos.
• B) The F-statistic is considered significant;therefore,the relationship in the regression is unlikely to happen by chance.
• C) The p-value associated with the intercept suggests that the delivery costs are entirely variable.
• D) Given the t-statistic,number of cargos is a poor cost driver of delivery cost.

Understand first impressions and their impact in sales, including the concept of thin-slice judgments.

Identify appropriate and inappropriate topics for building rapport with prospects.

Recognize different sales approach techniques and their objectives.

Understand stress-management techniques beneficial for salespeople.

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Definitions:

Grocery Item

A product that is typically sold in a supermarket or grocery store, ranging from food to household supplies.

Development

Refers to the process of growth, progress, or improvement in a particular area, such as personal, social, or economic development.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for doing a particular job.

Future-oriented

Relates to strategies or perspectives that focus on anticipations, trends, and planning for long-term future developments.