Question
Observations are taken on sales of a certain mountain bike in 24 sporting goods stores. The regression model was Y = total sales (thousands of
Observations are taken on sales of a certain mountain bike in 24 sporting goods stores. The regression model wasY= total sales (thousands of dollars),X1= display floor space (square meters),X2= competitors' advertising expenditures (thousands of dollars),X3= advertised price (dollars per unit).
(a)Fill in the values in the table given here.(Negative values should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required.Round your t-values to 3 decimal places and p-values to4 decimal places.)
Predictor Coefficient SE tcalcp-value
Intercept 1,254.2 300.2
FloorSpace 11.310 1.69
Competing Ads -6.260 3.999
Price -0.14748 0.08280
(b-1)What is the critical value of Student'stinAppendix Dfor a two-tailed test at= .01?(Round your answer to 3 decimal places.)
t-value =
(b-2)Choose the correct option.
multiple choice
- OnlyCompetingAdsdiffers significantly from zero.
- OnlyFloorSpacediffers significantly from zero.
- OnlyPricediffers significantly from zero.
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