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Selling Price and Amount Spent Advertising Were Entered into a Multiple

Question 20

Multiple Choice

Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales. According to the output below, the
Calculated t-statistic to determine if amount spent on advertising is a significant
Independent variable in explaining Sony Bravia sales is  Dependent Variable is sales  Predictor  Coef  SE Coef  T  P  Constant 90.1925.083.600.001 Price 0.030550.010053.040.005 Advertising 3.09260.36808.400.000\begin{array}{l}\text { Dependent Variable is sales }\\\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\\text { Constant } & 90.19 & 25.08 & 3.60 & 0.001 \\\text { Price } & - 0.03055 & 0.01005 & - 3.04 & 0.005 \\\text { Advertising } & 3.0926 & 0.3680 & 8.40 & 0.000\end{array}\end{array}


A) 3.60
B) -3.04
C) 8.40
D) 10.61
E) None of the above

Correct Answer:

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