Regression may be used to make general predictions; for example, there is a relationship between family size and dollar amount spent on groceries
But regression cannot be used to predict a dollar amount of groceries that families of different sizes would purchase.
Indicate whether the statement is true or false
FALSE
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Answer the following statements true (T) or false (F)
1. One reason why a code of ethics should be adopted is to increase market share and profitability. 2. Section 406 of the Sarbanes-Oxley Act of 2002 requires that companies that are publicly traded disclose whether or not they have a code of ethics. 3. Kyosei is defined as the ability to live and work together for the common good that allows for mutual prosperity through cooperation. 4. The UN Global Impact was established in January 1999 based on a challenge by former Secretary-General of the United Nations Kofi Annan for businesses to adopt universal environmental and social principles.
Based on experience, the manager at the Giraffe Hotel decides to accept a reservation for a party of 12 guests knowing that his hotel is sold out. He is accepting the reservation because:
A. he can cancel the reservations of the 12 lowest-paying guests and get more revenue from the new guests
b. he can make arrangements with the neighboring hotel to accept the 12 guests
c. he is using overbooking techniques and has determined that he can safely accept the 12 guests
d. he knows he will have 6 cancellations and 6 no-shows among the current reservations
Distributors that provide service utility typically:
A. convert inputs into finished products. B. do not undertake post-delivery maintenance. C. make it easier for customers to own their products. D. create a loyal base of customers.
The Federal Trade Commission was originally only permitted to regulate ads that affected competition
Indicate whether the statement is true or false