Selling Price and Amount Spent Advertising Were Entered into a Multiple

question 17

Multiple Choice

Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales.The adjusted R² value was reported as 83.3%.This means that ________________________ .

• A)selling price and amount spent advertising do not describe TV sales well
• B)83.3% of the variance in TV sales can be accounted for by selling price
• C)83.3% of the variance in TV sales can be accounted for by amount spent advertising
• D)83.3% of the variance in TV sales can be accounted for by the model including both selling price and amount spent advertising
• E)both selling price and amount spent advertising are significant predictors of TV sales

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