Selling Price and Percent of Advertising Budget Spent Were Entered $\mathrm { R } ^ { 2 }$

question 4

Multiple Choice

Selling price and percent of advertising budget spent were entered into a multiple regression to determine what affects flat panel LCD TV sales. The adjusted $\mathrm { R } ^ { 2 }$ 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 percent of advertising budget spent.
• D) \(83.3 \%\) of the variance in TV sales can be accounted for by the model including both selling price and percent of advertising budget spent.

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