A regression analysis between X = sales (in $1000s) and Y = advertising ($) resulted in the following least squares line: 
= 84 +7X. This implies that if advertising is $800, then the predicted amount of sales (in dollars) is $140,000.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following is not true about production departments?
a. They perform the actual manufacturing operations that physically change the units being produced. b. Since they receive the benefit of work performed by service departments, service department costs should be distributed to them. c. The cost of production departments should be distributed to other production departments that benefit from their operations. d. Machining and painting would be examples of production departments.
Describe five strategies for marketing training to internal customers.
What will be an ideal response?
HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 5-year useful life. The machine will cost $205,980 and has no salvage value. The machine has a 14% internal rate of return. (Ignore income taxes.)See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.Required:What are the annual cost savings promised by the machine?
What will be an ideal response?
Bill is a factory foreman from the old school. He believes his employees essentially hate work and are irresponsible. They have no interest in stepping up to lead
What motivational theory does Bill subscribe to, and how does he motivate his workers? What will be an ideal response?