Figure 14-5 Above Shows the Results of a Spreadsheet Simulation

question 414

Multiple Choice

Figure 14-5 above shows the results of a spreadsheet simulation to select a price to achieve a target return on investment (ROI) .What is the ROI for Scenario "C"?

• A)0%
• B)5%
• C)10%
• D)14%
• E)17%

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Definitions:

Mean Value

Mean value is the average of a set of numbers, calculated by dividing the sum of all values by the quantity of numbers.

Error Term

A variable in a statistical model that captures the difference between observed and predicted values.

Linear Relationship

A relationship between two variables where the change in one variable is directly proportional to the change in another.

Scatter Chart

A type of graph used to display values for two variables for a set of data, showing the relationship between them.