Question
How would you interpret the ability of Advertising Expenditures to predict Gross Sales? Base your answers on the following linear regression output SUMMARY OUTPUT Regression
How would you interpret the ability of Advertising Expenditures to predict Gross Sales?
Base your answers on the following linear regression output
| SUMMARY OUTPUT | ||||||
| Regression Statistics | ||||||
| Multiple R | 0.776 | |||||
| R Square | 0.602 | |||||
| Adjusted R Square | 0.581 | |||||
| Standard Error | 585 | |||||
| Observations | 21 | |||||
| ANOVA | ||||||
| df | SS | MS | F | Significance F | ||
| Regression | 1 | 9807108 | 9807108 | 28.691 | 0.000 | |
| Residual | 19 | 6494659 | 341824.1 | |||
| Total | 20 | 16301767 | ||||
| Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | |
| Intercept | 25992 | 260 | 100 | 0 | 25447 | 26537 |
| Advertising | 0.26 | 0.05 | 5.36 | 0.00 | 0.16 | 0.36 |
Group of answer choices
Advertising has a statistically significanct effect on Sales
Advertising is related to Sales but is not statistically significant
Advertising and Sales are independent
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
