Solved

The Following Is Part of the Results of a Regression α\alpha

Question 85

Essay

The following is part of the results of a regression analysis involving sales (Y in millions of dollars),advertising expenditures (X1 in thousands of dollars),and number of salespeople (X2)for a corporation.The regression was performed on a sample of 10 observations.
 The following is part of the results of a regression analysis involving sales (Y in millions of dollars),advertising expenditures (X<sub>1</sub> in thousands of dollars),and number of salespeople (X<sub>2</sub>)for a corporation.The regression was performed on a sample of 10 observations.     a.If the company uses $40,000 in advertisement and has 30 salespersons,what are the expected sales? Give your answer in dollars. b.At  \alpha  = 0.05,test for the significance of the coefficient of advertising. c.At  \alpha  = 0.05,test for the significance of the coefficient of the number of salespeople.
a.If the company uses $40,000 in advertisement and has 30 salespersons,what are the expected sales? Give your answer in dollars.
b.At α\alpha = 0.05,test for the significance of the coefficient of advertising.
c.At α\alpha = 0.05,test for the significance of the coefficient of the number of salespeople.

Correct Answer:

verifed

Verified

a.$540,000,000
b.t = 3.2;p-value is betw...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions