Question #39

Reading: Reading 1 Multiple Regression

PDF File: Reading 1 Multiple Regression.pdf

Page: 17

Status: Unattempted

Part of Context Group: Q39-40 First in Group
Shared Context
- Regarding Brent's Statements 1 and 2: A) Both statements are correct. B) Only Statement 2 is correct. C) Only Statement 1 is correct.
Question
Assuming that next year's marketing expenditures are $3,500,000 and there are five salespeople, predicted sales for Mega Flowers should will be:
Answer Choices:
A. $11,600,000
B. $24,000,000
Explanation
Using the information provided, expected sales equals 12.6 + (1.6 x 3.5) + (1.2 x 5) = $24.2 million. Remember to check the details - i.e. this equation is denominated in millions of dollars.
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