Solved

A Regression Model Between Sales (Y in $1000), Unit Price y^\hat { y }

Question 47

Multiple Choice

A regression model between sales (y in $1000) , unit price (x1 in dollars) , and television advertisement (x2 in dollars) resulted in the following function:
y^\hat { y } = 7 - 3x1 + 5x2

For this model, SSR = 3500, SSE = 1500, and the sample size is 18.To test for the significance of the model, the test statistic F is


A) 2.33.
B) .70.
C) 17.5.
D) 1.75.

Correct Answer:

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