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Perform Statistical Inference for Multiple Regression Dependent Variable is Sales\text {Dependent Variable is Sales}

Question 11

Multiple Choice

Perform statistical inference for multiple regression.
-What affects flat panel LCD TV sales? Flat panel LCD TV's are sold through a
Variety of outlets. Sales figures (number of units) for the popular Sony Bravia were
Obtained for last quarter from a sample of 30 different stores. Also collected were data
On the selling price and amount spent on advertising the Sony Bravia (as a percentage of
Total advertising expenditure in the previous quarter) at each store. Output is shown
Below. The calculated t-statistic to determine if amount spent on advertising is a
Significant independent variable in explaining Sony Bravia sales is Dependent Variable is Sales\text {Dependent Variable is Sales}
 Predictor  Coef  SE Coef  T  P  Constant 90.1925.083.600.001 Price 0.030550.010053.040.005 Advertising 3.09260.36808.400.000\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 90.19 & 25.08 & 3.60 & 0.001 \\ \text { Price } & - 0.03055 & 0.01005 & - 3.04 & 0.005 \\ \text { Advertising } & 3.0926 & 0.3680 & 8.40 & 0.000 \end{array}
S=10.6075RSq=84.48RSq(adjj) =83.3%S = 10.6075 \quad \mathrm { R } - \mathrm { Sq } = 84.48 \quad \mathrm { R } - \mathrm { Sq } ( \mathrm { adj } \mathrm { j } ) = 83.3 \%


A) 3.60
B) -3.04
C) 8.40
D) 10.61
E) None of the above

Correct Answer:

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