TESTS (lect 56,7) F × unf edu/courses/28281/quizzes/99067/take D Question 15 50

Question

TESTS (lect 56,7) F × unf edu/courses/28281/quizzes/99067/take D Question 15 50 pts Y- Losses1000 as the Response variable (measured in $1000's per year) and uses the fallowing as X variables Salr1000 - Amount spent in Salary and total compensation at each location in $1000 LgComp 1 if there is a large campetitor within the office's region lacated close to the office -0 atherwise (large competitor is far away Market100 expenditures per year at each office in 100's of dollars And location of the office. Lacation is a dummy variable Canada -1 if affice is lacated in Canada -0 otherwise Omitted Category is USA Mexico -1 if office is located in Mexico; - 0 atherwise . Regression Analysis: Losses versus Marketing, LgComp, The regression output is Predictor Coef SE Coef T P Constant 22500 15250 1.48 0.146 Marke 100 -4000 1062 -3.82 0.000 LgComp 10700 4896 2.19 0034 Salr 1000 62.00 19.32 322 0.002 Canada -7700 4417 -2.75 0.032 Mexica 1200 3776 0.32 0.752 Mkt2 98.00 20.02 4.04 0000

Explanation / Answer

Here, the loss is 10700 when close to the large competitor. Therefore, the correct answer is

"Manager should not locate close to a large competitor (VS far)".

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