Question
Hello, Can someone please help e understand these questions; step-by-step process to understand how to solve these problems in the future? A regression model between
Hello,
Can someone please help e understand these questions; step-by-step process to understand how to solve these problems in the future?
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.The coefficient ofx2indicates that if television advertisement is increased by $1 (holding the unit price constant), sales are expected to?
a. decrease by $2000.
b. increase by $5000.
c. increase by $12,000.
d. increase by $5.
For this model, SSR = 3500, SSE = 1500, and the sample size is 18.To test for the significance of the model, the test statistic F is?
a. 2.33.
b. 1.75.
c. 17.5.
d. .70.
For this model, SSR = 3500, SSE = 1500, and the sample size is 18.To test for the significance of the model, the p-value is?
a. greater than .10.
b. between .025 and .05.
c. between .01 and .025.
d. less than .01.
For this model, SSR = 3500, SSE = 1500, and the sample size is 18.The adjusted multiple coefficients of determination for this problem is?
a. .8367.
b. .2289.
c. .70.
d. .66.
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