Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that Daniel Corp. is trying to better understand whether costs spent on advertising, quality control and employee training have a significant relationship with revenues

image text in transcribed

image text in transcribed

image text in transcribed

Assume that Daniel Corp. is trying to better understand whether costs spent on advertising, quality control and employee training have a significant relationship with revenues earned during a given period. The managers of Daniel Corp. are provided the following regression output: SUMMARY OUTPUT \begin{tabular}{lr|} \hline \multicolumn{2}{|c|}{ Regression Statistics } \\ \hline Multiple R & 0.813574061 \\ RSquare & 0.661902753 \\ Adjusted R Square & 0.459044405 \\ \hline \end{tabular} Based on the output, which independent variable is a significant predictor of the dependent variable? Advertising Cost Quality Control Intercept Employee Training Assume that Daniel Corp. is trying to better understand whether costs spent on advertising, quality control and employee training have a significant relationship with revenues earned during a given period. The managers of Daniel Corp. are provided the following regression output: SUMMARY OUTPUT \begin{tabular}{lr|} \hline \multicolumn{2}{c}{ Regression Statistics } \\ \hline Multiple R & 0.813574061 \\ R Square & 0.661902753 \\ Adjusted R Square & 0.459044405 \\ Standard Error & 159.3931455 \\ Observations & 9 \\ \hline \end{tabular} ANOVA Which of the following correctly interprets the coefficient values in the output? For every $1 increase in sales revenue, quality control cost decreases by $0.14. For every $1 increase in employee training, sales revenue increases by $0.44. For every $1 increase in advertising cost, sales revenue increases by $0.39. For every $1 increase in sales revenue, employee training increases by $0.44. Assume that Daniel Corp. is trying to better understand whether costs spent on advertising, quality control and employee training have a significant relationship with revenues earmed during a given period. The managers of Daniel Corp. are provided the following regression output: What percent of the variance in the dependent variable remains unexplained by the model? 345 458 668 819 Assume that Daniel Corp. is trying to better understand whether costs spent on advertising, quality control and employee training have a significant relationship with revenues earned during a given period. The managers of Daniel Corp. are provided the following regression output: SUMMARY OUTPUT \begin{tabular}{lr|} \hline \multicolumn{2}{|c|}{ Regression Statistics } \\ \hline Multiple R & 0.813574061 \\ RSquare & 0.661902753 \\ Adjusted R Square & 0.459044405 \\ \hline \end{tabular} Based on the output, which independent variable is a significant predictor of the dependent variable? Advertising Cost Quality Control Intercept Employee Training Assume that Daniel Corp. is trying to better understand whether costs spent on advertising, quality control and employee training have a significant relationship with revenues earned during a given period. The managers of Daniel Corp. are provided the following regression output: SUMMARY OUTPUT \begin{tabular}{lr|} \hline \multicolumn{2}{c}{ Regression Statistics } \\ \hline Multiple R & 0.813574061 \\ R Square & 0.661902753 \\ Adjusted R Square & 0.459044405 \\ Standard Error & 159.3931455 \\ Observations & 9 \\ \hline \end{tabular} ANOVA Which of the following correctly interprets the coefficient values in the output? For every $1 increase in sales revenue, quality control cost decreases by $0.14. For every $1 increase in employee training, sales revenue increases by $0.44. For every $1 increase in advertising cost, sales revenue increases by $0.39. For every $1 increase in sales revenue, employee training increases by $0.44. Assume that Daniel Corp. is trying to better understand whether costs spent on advertising, quality control and employee training have a significant relationship with revenues earmed during a given period. The managers of Daniel Corp. are provided the following regression output: What percent of the variance in the dependent variable remains unexplained by the model? 345 458 668 819

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions