Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. observations are taken on sales of a certain mount

Observations are taken on sales of a certain mountain bike in 20 sporting goods stores....

50.1K

Verified Solution

Question

Accounting

Observations are taken on sales of a certain mountain bike in 20 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 to 4 decimal places.)

Predictor Coefficient SE tcalc p-value
Intercept 1,271.3 337.9
FloorSpace 11.001 1.80
Competing Ads -6.820 3.995
Price -0.14882 0.08678

(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.) t-value = (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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students