Sherri Cola Company Has Developed a Regression Model Relating Its $\alpha$

question 44

Essay

Sherri Cola Company has developed a regression model relating its sales (Y in $10,000s)with four independent variables.The four independent variables are price per unit (PRICE,in dollars),competitor's price (COMPRICE,in dollars),advertising (ADV,in $1,000s)and type of container used (CONTAIN;1 = Cans and 0 = Bottles).Part of the regression results is shown below.(Assume n = 25)

a.If the manufacturer uses can containers,his price is $1.25,advertising $200,000,and his competitor's price is $1.50,what is your estimate of his sales? Give your answer in dollars.
b.Test to see if there is a significant relationship between sales and unit price.Let $\alpha$ = 0.05.
c.Test to see if there is a significant relationship between sales and advertising.Let $\alpha$ = 0.05.
d.Is the type of container a significant variable? Let $\alpha$ = 0.05.
e.Test to see if there is a significant relationship between sales and competitor's price.Let $\alpha$ = 0.05.

---

Definitions:

Collective Organizations

Groups or entities that operate based on collective decision-making and shared objectives or values.

Economic Rewards

Benefits or incentives, often financial, given to individuals or groups as recognition for their contributions or achievements.

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in a workplace or other professional or social situation.