Observations are taken on sales of a certain mountain bike in 25 sporting goods stores. The regression
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Question:
Observations are taken on sales of a certain mountain bike in 25 sporting goods stores. The regression model was Y = 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.)
(b-1) What is the critical value of Student's t in Appendix D for a two-tailed test at = .01? (Round your answer to 3 decimal places.)
(b-2) Choose the correct option. multiple choice
- Only CompetingAds differs significantly from zero.
- Only FloorSpace differs significantly from zero.
- Only Price differs significantly from zero.
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