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 so collects monthly data for 25 firms.He estimates the model: Sales = β₀ + β₁ Advertising + ε.The following table shows a portion of the regression results. When testing whether the slope coefficient differs from 3,the value of the test statistic is ____.

A) t₂₃ = -1.895
B) t₂₃ = -0.079
C) t₂₃ = 0.079
D) t₂₃ = 1.895