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Selling Price and Amount Spent Advertising Were Entered into a Multiple

Question 1

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Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales. Use the output shown below,
Calculate the amount of variability in Sales is explained by the estimated multiple
Regression model.  Analysis of Variance  Source  DF  SS  MS  Regression 216477.38238.7 Residual Error 273038.0112.5 Total 2919515.4\begin{array}{l}\text { Analysis of Variance }\\\begin{array} { l r r r } \text { Source } & \text { DF } & \text { SS } & \text { MS } \\\text { Regression } & 2 & 16477.3 & 8238.7 \\\text { Residual Error } & 27 & 3038.0 & 112.5 \\\text { Total } & 29 & 19515.4 &\end{array}\end{array}


A) 15.57%
B) 6.90%
C) 84.43%
D) 29%
E) None of the above.

Correct Answer:

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