Multiple Choice
Exhibit 13-2
A regression model between sales Y in $1,000) , unit price X1 in dollars) and television advertisement X2 in dollars) resulted in the following function:
=7-3X1+5X2
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
-Refer to Exhibit 13-2. The coefficient of X2 indicates that if television advertising is increased by $1 holding the unit price constant) , sales are expected to
A) increase by $5
B) increase by $12,000
C) increase by $5,000
D) decrease by $2,000
Correct Answer:

Verified
Correct Answer:
Verified
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