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SCENARIO 18-12 The Marketing Manager for a Nationally Franchised Lawn Service Company

Question 271

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SCENARIO 18-12
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service. A random sample of 30 home owners located in a suburban area near a large city was selected; 15 did not have a lawn service (code 0) and 15 had a lawn service (code 1) . Additional information available concerning these 30 home owners includes family income (Income, in thousands of dollars) , lawn size (Lawn Size, in thousands of square feet) , attitude toward outdoor recreational activities (Attitude 0 = unfavorable, 1 = favorable) , number of teenagers in the household (Teenager) , and age of the head of the household (Age) . The Minitab output is given below:
SCENARIO 18-12 The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service. A random sample of 30 home owners located in a suburban area near a large city was selected; 15 did not have a lawn service (code 0)  and 15 had a lawn service (code 1) . Additional information available concerning these 30 home owners includes family income (Income, in thousands of dollars) , lawn size (Lawn Size, in thousands of square feet) , attitude toward outdoor recreational activities (Attitude 0 = unfavorable, 1 = favorable) , number of teenagers in the household (Teenager) , and age of the head of the household (Age) . The Minitab output is given below:   -Referring to Scenario 18-10 Model 1,which of the following is a correct statement? A) On average,those who are in a management position are estimated to stay jobless shorter by approximately 1.35 weeks while holding constant the effects of all the remaining independent variables. B) On average,those who are in a management position are estimated to stay jobless shorter by approximately 5.22 weeks while holding constant the effects of all the remaining independent variables. C) On average,those who are in a management position are estimated to stay jobless shorter by approximately 14.30 weeks while holding constant the effects of all the remaining independent variables. D) On average,those who are in a management position are estimated to stay jobless shorter by approximately 24.82 weeks while holding constant the effects of all the remaining independent variables.
-Referring to Scenario 18-10 Model 1,which of the following is a correct statement?


A) On average,those who are in a management position are estimated to stay jobless shorter by approximately 1.35 weeks while holding constant the effects of all the remaining independent variables.
B) On average,those who are in a management position are estimated to stay jobless shorter by approximately 5.22 weeks while holding constant the effects of all the remaining independent variables.
C) On average,those who are in a management position are estimated to stay jobless shorter by approximately 14.30 weeks while holding constant the effects of all the remaining independent variables.
D) On average,those who are in a management position are estimated to stay jobless shorter by approximately 24.82 weeks while holding constant the effects of all the remaining independent variables.

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