Exhibit 12-4
Regression Analysis Was Applied Between Sales Data Y $\hat { Y }$

question 82

Multiple Choice

Exhibit 12-4
Regression analysis was applied between sales data Y in $1,000s) and advertising data x in $100s) and the following information was obtained.
= 12 + 1.8 x
$\hat { Y }$ n = 17
SSR = 225
SSE = 75
Sb₁ = 0.2683
-Refer to Exhibit 12-4. The t statistic for testing the significance of the slope is

• A) 1.80
• B) 1.96
• C) 6.708
• D) 0.555

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Definitions:

Percentage Point

A unit for measuring the difference between percentages, illustrating how much one percentage is higher or lower than another.

Distributed Equally

Refers to an allocation method where resources, wealth, or opportunities are evenly shared among all participants or groups involved.

Pre-Tax-And-Transfer Income

The amount of income individuals or households earn before taxes are deducted and government transfers are added.

Poverty Rate

The proportion of a population living below the national poverty line, which measures the minimum level of income deemed necessary to achieve an adequate standard of living in a given country.