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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.
a.At = 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.)
Well-Being
The state of being comfortable, healthy, or happy.
Children
Young human beings below the age of puberty or below the legal age of majority.
Failure
The inability to achieve a desired result or perform up to standard, often viewed as an opportunity for learning and growth.
Empty Nest
A transitional time of parenting when the youngest child leaves home.
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