Perform Statistical Inference for Multiple Regression $\text {Dependent Variable is Sales}$

question 1

Multiple Choice

Perform statistical inference for multiple regression.
-What affects flat panel LCD TV sales? Flat panel LCD TV's are sold through a
Variety of outlets. Sales figures (number of units) for the popular Sony Bravia were
Obtained for last quarter from a sample of 30 different stores. Also collected were data
On the selling price and amount spent on advertising the Sony Bravia (as a percentage of
Total advertising expenditure in the previous quarter) at each store. Output is shown
Below. The calculated t-statistic to determine if amount spent on advertising is a
Significant independent variable in explaining Sony Bravia sales is $\text {Dependent Variable is Sales}$
$\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 90.19 & 25.08 & 3.60 & 0.001 \\ \text { Price } & - 0.03055 & 0.01005 & - 3.04 & 0.005 \\ \text { Advertising } & 3.0926 & 0.3680 & 8.40 & 0.000 \end{array}$
$$S = 10.6075 \quad \mathrm { R } - \mathrm { Sq } = 84.48 \quad \mathrm { R } - \mathrm { Sq } ( \mathrm { adj } \mathrm { j } ) = 83.3 \%$$

• A) 3.60
• B) -3.04
• C) 8.40
• D) 10.61
• E) None of the above

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Definitions:

Bridging

The act of connecting or reconciling differing points of view, interests, or stakeholders in a negotiation or conflict resolution process.

Disruptive Action

Activities or strategies intended to interrupt or significantly alter the status quo in a particular context.

Escalation

The process of a conflict intensifying or becoming more severe, often leading to further complications.

Inadvertent Revelation

An unintentional disclosure of private or sensitive information, typically leading to unforeseen consequences.