Price-sensitive consumers regularly respond to consumer promotions, such as coupons, price-off deals, and premiums
Indicate whether the statement is true or false
FALSE
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A review of BluTech's hiring practices indicated that it has a selection ratio of 0.95. At this level of selectivity, it is likely that the managers experience desperation bias.
Answer the following statement true (T) or false (F)
The power of the income statement is that it will tell you whether you are fulfilling the formula of buying low, selling high, and meeting customer needs.
Answer the following statement true (T) or false (F)
Which of the following is true of the United States Supreme Court?
A) It has original control in cases that are based on a federal law or a treaty. B) It has appellate jurisdiction in cases based on the U.S. Constitution. C) It has the sole power to establish inferior courts. D)It is mandatory for the Supreme Court to hear all appeals that come before it.
The prices (in $) of Rawlston, Inc. stock (y) over a period of 12 days, the number of shares (in 100s) of company's stocks sold (x1), and the volume of exchange (in millions) on the New York Stock Exchange (x2) are shown below.
Day (y) (x1) (x2) 1 87.50 950 11.00 2 86.00 945 11.25 3 84.00 940 11.75 4 83.00 930 11.75 5 84.50 935 12.00 6 84.00 935 13.00 7 82.00 932 13.25 8 80.00 938 14.50 9 78.50 925 15.00 10 79.00 900 16.50 11 77.00 875 17.00 12 77.50 870 17.50 ? Excel was used to determine the least squares regression equation. Part of the computer output is shown below. ANOVA ? df SS MS F Significance F Regression2 118.8474 59.4237 40.9216 0.0000 Residual9 13.0692 1.4521 Total11 131.9167 ? ? ? Coefficients Standard Error t Stat P-value Intercept118.5059 33.5753 3.5296 0.0064 (x1)-0.0163 0.0315 -0.5171 0.6176 (x2)-1.5726 0.3590 -4.3807 0.0018 a. Use the output shown above and write an equation that can be used to predict the price of the stock.b.Interpret the coefficients of the estimated regression equation that you found in Part a.c.At a .01 level of significance, determine which variables are significant and which are not.d.If on a given day, the number of shares of the company that were sold was 94,500 and the volume of exchange on the New York Stock Exchange was 16 million, what would you expect the price of the stock to be? What will be an ideal response?