The Following Are Partial Results of a Regression Analysis Involving

question 59

Essay

The following are partial results of a regression analysis involving sales Y in millions of dollars), advertising expenditures X1 in thousands of dollars), and number of salespeople X2) for a corporation. The regression was performed on a sample of 10 observations.
$$\begin{array} { l c c } & \text { Coeffcient } & \text { Standard Error } \\\text { Constant } & 50.00 & 20.00 \\\mathbf { x } _ { 1 } & 3.60 & 1.20 \\\mathbf { x } _ { 7 } & 0.20 & 0.20\end{array}$$
a. At α = 0.05, test for the significance of the coefficient of advertising.
b. If the company uses $20,000 in advertisement and has 300 salespersons, what are the expected sales? Give your answer in dollars.)

---

Definitions:

Proof of Claim

A written statement filed by a creditor in a bankruptcy case stating the amount owed by the debtor.

Creditors

Individuals or entities that are owed money by debtors, typically arising from financial obligations like loans or credit agreements.

Funds

Financial resources, including money or other assets, that are set aside for a specific purpose or investment.

Chapter 7's Federal Exemptions

Specific exemptions under Chapter 7 bankruptcy law that allow individuals to keep certain assets from being used to pay creditors.