English Language · English
Which choice best states the function of the sentence 'Using data spanning from 1994 to 2010 for a set of US companies, the team compared over 29,000 annual earnings forecasts to the actual earnings later reported by those companies.' in the overall structure of the text? A study by a team including finance professor Madhu Veeraraghavan suggests that exposure to sunshine during the workday can lead to overly optimistic behavior. Using data spanning from 1994 to 2010 for a set of US companies, the team compared over 29,000 annual earnings forecasts to the actual earnings later reported by those companies. The team found that the greater the exposure to sunshine at work in the two weeks before a manager submitted an earnings forecast, the more the manager's forecast exceeded what the company actually earned that year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To call out a challenge the team faced in conducting its analysis
- 2To explain part of the methodology used in the team's study✓
- 3To present a specific example that illustrates the study's findings
- 4To summarize the results of the team's analysis
Correct answer
To explain part of the methodology used in the team's study
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