In an effort to determine if advertisement expenditures lead to greater revenue from online sales of surfboards,

Question:

In an effort to determine if advertisement expenditures lead to greater revenue from online sales of surfboards, a firm considers 32 weeks of data. The regression model was Y = revenue (in thousand of dollars), X1 = total expenditures in web advertising (in thousand of dollars), X2 = total expenditures in print advertising (in thousand of dollars), and X3 = average surfboard volume for the week (liters).The ANOVA table is presented below.

a) Write the null and alternative for the F-test.
b) Is the null rejected at α = 0.10?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: