Question
19.An automobile manufacturer has 20 franchised dealers in a large metropolitan area. To study factors influencing the amount of customer traffic, data were collected on
19.An automobile manufacturer has 20 franchised dealers in a large metropolitan area. To study factors influencing the amount of customer traffic, data were collected on customer traffic per week, the amount of newspaper and TV advertising by each dealer (shown in $100s), the size of their physical facilities (in acres), and the location of the dealership (Urban, Suburban or Rural).
Assume that the regression analysis resulted in the following results. (Note that a different data set was used to find these results than for earlier problems where the data were given.)
Regression Statistics | ||||||
Multiple R | 0.921 | |||||
R Square | 0.849 | |||||
Adjusted R Square | 0.808 | |||||
Standard Error | 57.000 | |||||
Observations | 20 | |||||
ANOVA | ||||||
df | SS | MS | F | Significance F | ||
Regression | 4 | 273224 | 68306.0 | 21.0 | 5.218E-06 | |
Residual | 15 | 48735.4 | 3249.0 | |||
Total | 19 | 321959 | ||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | |
Intercept | 15.398 | 80.912 | 0.190 | 0.8516 | -157.063 | 187.858 |
Advertising ($100s) | 0.584 | 0.514 | 1.135 | 0.2740 | -0.512 | 1.680 |
Size (Acres) | 277.709 | 35.468 | 7.830 | 1.12E-06 | 202.110 | 353.308 |
Rural | -159.902 | 43.615 | -3.666 | 0.0023 | -252.865 | -66.938 |
Suburban | -48.773 | 46.556 | -1.048 | 0.3114 | -148.005 | 50.459 |
What is the 95% confidence interval estimate of the difference in Traffic between a Suburban and Urban location? Assume that all other independent variables remain constant.
Group of answer choices
Between -157.06 and 187.86
Between -252.87 and -66.94
Between -148.01 and 50.46
Between -305.07 and 238.32
There is not enough information to answer this question.
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