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The Brock Juice Company has developed a regression model relating sales (y in $10,000s) with four independent variables.The four independent variables are price per unit (x1, in dollars), competitor's price (x2, in dollars), advertising (x3, in $1000s), and type of container used (x4) (1 = Cans and 0 = Bottles).Part of the regression results is shown below: ANOVA
a.
Compute the multiple coefficient of determination and fully interpret its meaning.
b.
Is the regression model significant? Explain what your answer implies. Let α = .05.
c.
What has been the sample size for this analysis?
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