Solved

The Following Are Partial Results of a Regression Analysis Involving α\alpha

Question 38

Essay

The following are partial 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 are partial 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.At \alpha = 0.05,test for the significance of the coefficient of advertising. b.If the company uses $20,000 in advertisement and has 300 salespersons,what are the expected sales? (Give your answer in dollars. )
a.At α\alpha = 0.05,test for the significance of the coefficient of advertising.
b.If the company uses $20,000 in advertisement and has 300 salespersons,what are the expected sales? (Give your answer in dollars. )

Correct Answer:

verifed

Verified

a.t = 3;p-value is between .01...

View Answer

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

Related Questions

Q14: A variable such as Z, whose value

Q18: A regression model with one independent

Q35: In a regression analysis involving 20 observations

Q39: A regression model relating the yearly income

Q41: Exhibit 16-3<br>Below you are given a partial

Q46: Exhibit 16-2<br>In a regression model involving 30

Q49: Exhibit 16-3<br>Below you are given a

Q58: Exhibit 16-2<br>In a regression model involving 30

Q59: Forty-eight observations of a dependent variable (Y)

Q61: Exhibit 16-1<br>In a regression analysis involving 25