Answer:
<em>c. The reasoning of both Alfons and Mary suffers from the omitted variable problem</em>
Explanation:
The issue of omitted variables occurs as a result of mis-specification of a linear regression model, which could be either because the impact of the omitted variable on both the dependent variable is unclear, or the evidence was not accessible.
This causes you to omit the variable from your regression, resulting in over-estimation (upward bias) or underestimation (downward) of the influence of one of the other predictor variables.
Answer:
Advertisement.
Explanation:
An advertisement can be defined as a strategic process or technique which is typically used to bring an announcement, information or notice to the general public.
This ultimately implies that, an advertisement is a means of communication through the use of mediums such as newspapers, blogs, magazines, television, radio, flyers, pamphlets, etc., to bring a specific information or announcement to the general public.
Generally, advertisements are considered to be a form of promoting an idea, product and services.
Hence, company issues advertisement to invites its members to subscribe for its Deposit scheme.
Answer:
The Legume Division's net operating income last year was d. $45,000
Explanation:
Turnover (on operating assets) = Total Sales/ Operating assets
From the formula,
Operating assets = Total Sales/Turnover (on operating assets) = $900,000/3 = $300,000
Return on investment (ROI) is calculated by using following formula:
ROI = Net income/Total investment
Net Income = ROI x Total investment
At the Legumes Division of Gervani Corporation, Total investment = Operating assets = $300,000
Net Income = 15% x $300,000 = $45,000
Answer:
Problem definition.
Explanation:
Problem definition is the process of identifying an area for improvement, a difficulty that needs eliminating, or problem to be solved.
The marketing manager at Widgets R Us did not define a problem before starting their own survey.
Problem definition directs the focus of the survey, without a defined problem the survey will be of no use.
