An electronics company is looking to develop a regression model to predict the number of units sold for a special running watch. Data is provided below:
Sales (units) Price ($) Advertising ($)
500 100 50
480 120 40
485 110 45
510 103 55
490 108 40
488 109 30
496 106 45
Use model building to determine the best prediction equation for Sales, based on highest adjusted r2.
Y = 578.87 - 0.10X1 + 50X2 where X1 = price and X2 = advertising. Adjusted r2 = 0.7268.
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Mei Company uses the direct method to prepare its statement of cash flows
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A. Ethics B. Mission Statements C. Legal Behaviors