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A Regression Model Between Sales (Y in $1000), Unit Price

Question 2

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: ​ A regression model between sales (y in $1000) , unit price (x<sub>1</sub> in dollars) , and television advertisement (x<sub>2</sub> in dollars) resulted in the following function: ​ = 8 - 4x<sub>1</sub> + 5x<sub>2</sub> ​ For this model, SSR = 3500, SSE = 1500, and the sample size is 20. To test for the significance of the model, the p-value is A) less than .01. B) between .01 and .025. C) between .025 and .05. D) greater than .10. = 8 - 4x1 + 5x2
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For this model, SSR = 3500, SSE = 1500, and the sample size is 20. To test for the significance of the model, the p-value is


A) less than .01.
B) between .01 and .025.
C) between .025 and .05.
D) greater than .10.

Correct Answer:

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