A Marketing Analyst Wants to Examine the Relationship Between Sales

Multiple Choice

A marketing analyst wants to examine the relationship between sales (in $1,000s) and advertising (in $100s) for firms in the food and beverage industry and collects monthly data for 25 firms. He estimates the model: Sales = β₀ + β₁Advertising + ε. The following ANOVA table shows a portion of the regression results. Which of the following is the standard error of the estimate?

A) 4.68
B) 8.86
C) 21.91
D) 78.53