Qualitative managerial forecasts involve historical data and complex statistical computations
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Managerial forecasts fall under two broad categories: quantitative forecasts, which are typically based on historical data or tests and often involve complex statistical computations, and qualitative forecasts, which are based more on intuitive judgments.
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The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000 . What percentage of MBA's will have starting salaries of $34,000 to $46,000?
a. 38.49% b. 38.59% c. 50% d. 76.98%
If the coefficient of determination is a positive value, then the coefficient of correlation
a. must also be positive. b. must be zero. c. can be either positive or negative. d. can be larger than 1.