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

Question 62

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.If we want to test for the significance of the regression model, the critical value of F at the 5% level of significance is?


A) 3.68.
B) 3.29.
C) 3.24.
D) 4.54.

Correct Answer:

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