Observations are taken on sales of a certain mountain bike in 20 sporting goods stores....
50.1K
Verified Solution
Link Copied!
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!
