Regression Analysis Was Applied Between Sales Data (Y in $1000s)

question 88

Multiple Choice

Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s) and the following information was obtained. ​ = 12 + 1.8x
​
N = 17
SSR = 225
SSE = 75
Sb₁ = .2683
The t statistic for testing the significance of the slope is

• A) 1.80.
• B) 1.96.
• C) 6.71.
• D) .56.

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Definitions:

Commercial Bribery

The unethical or illegal practice of influencing the decisions of business personnel through unauthorised gifts or payments.

Perception of Bias

The belief or view that a person or organization is biased, leading to questions about fairness or objectivity.

Reciprocity

A mutual exchange of privileges or interactions between two parties, often used in trade and negotiations.

Sales Representative

A professional responsible for selling products or services to customers, often requiring negotiation skills and in-depth knowledge of the items offered.