A Regression Model Between Sales (Y in $1000), Unit Price

question 2

Multiple Choice

A regression model between sales (y in $1000) , unit price (x₁ in dollars) , and television advertisement (x₂ in dollars) resulted in the following function: ​ = 8 - 4x₁ + 5x₂
​
For this model, SSR = 3500, SSE = 1500, and the sample size is 20. To test for the significance of the model, the p-value is

• A) less than .01.
• B) between .01 and .025.
• C) between .025 and .05.
• D) greater than .10.

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