Exhibit 13-2
a Regression Model Between Sales Y in $1,000) $\hat { Y }$

question 42

Multiple Choice

Exhibit 13-2
A regression model between sales Y in $1,000) , unit price X1 in dollars) and television advertisement X2 in dollars) resulted in the following function:
$\hat { Y }$ =7-3X1+5X2
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
-Refer to Exhibit 13-2. The coefficient of X2 indicates that if television advertising is increased by $1 holding the unit price constant) , sales are expected to

• A) increase by $5
• B) increase by $12,000
• C) increase by $5,000
• D) decrease by $2,000

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Definitions:

Flexible Budget

A flexible financial blueprint that shifts with alternations in activity volume or intensity.

Catering Supplies

Materials and goods used in the provision of catering services, including food, beverages, utensils, and equipment.

Jobs

Specific tasks or projects within an organization, often defined by a set of responsibilities or activities.

Meals

Food services provided, often in contexts such as schools, hospitals, or large events, but can also refer to the food products themselves.