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An Marketing Analyst Wants to Examine the Relationship Between Sales

Question 31

Multiple Choice

An 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 +β1 Advertising + ε.The following ANOVA table below shows a portion of the regression results. An 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 = β<sub>0</sub> +β<sub>1</sub> Advertising + ε.The following ANOVA table below 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 Which of the following is the standard error of the estimate?


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

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