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The Following Is Part of the Results of a Regression $\alpha$

question 18

Essay

The following is part of the results of a regression analysis involving sales (Y in millions of dollars), advertising expenditures (X₁ in thousands of dollars), and number of salespeople (X₂) for a corporation. The regression was performed on a sample of 10 observations.
$The following is part of the results of a regression analysis involving sales (Y in millions of dollars), advertising expenditures (X<sub>1</sub> in thousands of dollars), and number of salespeople (X<sub>2</sub>) for a corporation. The regression was performed on a sample of 10 observations. a.If the company uses $40,000 in advertisement and has 30 salespersons, what are the expected sales? Give your answer in dollars. b.At \alpha = 0.05, test for the significance of the coefficient of advertising. c.At \alpha = 0.05, test for the significance of the coefficient of the number of salespeople.$
a.If the company uses $40,000 in advertisement and has 30 salespersons, what are the expected sales? Give your answer in dollars.
b.At $\alpha$ = 0.05, test for the significance of the coefficient of advertising.
c.At $\alpha$ = 0.05, test for the significance of the coefficient of the number of salespeople.

Definitions:

Straight Voting

A method of voting in corporate elections where shareholders must assign all of their votes to one candidate for each vacancy.

Annual General Meeting

A mandatory yearly gathering of a company's interested shareholders to discuss company affairs.

Nominees

Individuals appointed or proposed to act on behalf of others in specific roles or to fulfill certain duties.

Cumulative Voting

A voting system used in elections of directors of some companies, allowing shareholders to allocate their votes in any manner they choose among the candidates.

The Following Is Part of the Results of a Regression α\alphaα

Definitions:

The Following Is Part of the Results of a Regression $\alpha$