The regression output for sales and advertising spend is shown below. Model summary
a Predictors: (Constant) , advertising spend
ANOVA(b)
a Predictors: (Constant) , advertising spend
B Dependent variable: Sales (A$'000)
Coefficients(a)
a Dependent variable: Sales (A$'000)
The above shows that:
A) approximately 45 per cent of the variance in sales can be explained by advertising spend.
B) approximately 43 per cent of the variance in Sales can be explained by advertising spend.
C) approximately 14 per cent of the variance in sales can be explained by advertising spend.
D) approximately 20 per cent of the variance in sales can be explained by advertising spend.
Correct Answer:
Verified
Q65: A research hypothesis states that male university
Q67: A Spearman's rank-order correlation coefficient is a
Q75: A correlation coefficient indicates both the _
Q76: 'Tests of _' is a general term
Q78: If the relationship between two variables is
Q81: In regression analysis, the _ hypothesis and
Q82: A _ is a joint frequency distribution
Q83: A Pearson's correlation coefficient is used to
Q84: In regression analysis, the _ of _
Q85: In a correlation matrix, the main diagonal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents