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A regression model between sales ( y in $1000), unit price ( x 1 in dollars), and television advertisement ( x 2 in dollars) resulted
A regression model between sales (yin $1000), unit price (x1in dollars), and television advertisement (x2in dollars) resulted in the following function:
= 7 - 3x1+ 5x2
For this model, SSR = 3500, SSE = 1500, and the sample size is 18.At the 5% level,
a. it can be concluded that the model is significant.
b. there is evidence that the slope of x2 is significant.
c. the conclusion is that the slope of x1 is significant.
d. there is no evidence that the model is significant.
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