Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I just need help determining the p-value for Competing Ads and Price. Please Help Check my wor Observations are taken on sales of a certain

I just need help determining the p-value for Competing Ads and Price. Please Help

image text in transcribed
Check my wor Observations are taken on sales of a certain mountain bike in 26 sporting goods stores. The regression model was } = total sales thousands of dollars). X = display floor space (square meters), X, = competitors advertising expenditures (thousands of dollars), X. = advertised price (dollars per unit). a) Fill in the values in the table given here. (Negative values should be ndicated by a minus sign. Leave no cells blank - be certain to enter O" wherever required. Round your t-values to 3 decimal places and p- values to 4 decimal places.) Predictor Coefficient calc p value Intercept 1, 246 . 6 309 . 6 4.026 0.0005 FloorSpace 11.424 1. 73 6.604 0.0000 Competing Ads -6 . 120 3 .907 -1.566 Price -0 . 14722 0 . 08380 -1757

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Elementary Algebra Graphs & Authentic Applications (Subscription)

Authors: Jay Lehmann

3rd Edition

0134781252, 9780134781259

More Books

Students also viewed these Mathematics questions

Question

2. In what way can we say that method affects the result we get?

Answered: 1 week ago