THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 16

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales manager is interested in determining the relationship between the amount spent on advertising and total sales.The manager collects data for the past 24 months and runs a regression of sales on advertising expenditures.The results are presented below but,unfortunately,some values identified by asterisks are missing.
SUMMARY OUTPUT
-Determine the value of residual sum of squares.

• A)10,945.2
• B)11,759.9
• C)10,130.5
• D)36,935.8

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Definitions:

Residuals Plot

A graph that displays the residuals, which are the differences between observed and predicted values, against the predicted values to assess the fit of a regression model.

NHL Team

A professional ice hockey team that is a member of the National Hockey League, which is one of the major sports leagues in North America.

Average Attendance

The mean number of individuals present at a given event or over a specified period of time.

Residual

The difference between an observed value and the value predicted by a model. It is used in statistical analysis to determine the fit of a model.