Exhibit 14-3 Regression Analysis Was Applied Between Sales Data (In $1,000s) and $1,000s)

question 79

Multiple Choice

Exhibit 14-3
Regression analysis was applied between sales data (in $1,000s) and advertising data (in $100s) and the following information was obtained.
-Refer to Exhibit 14-3. The t statistic for testing the significance of the slope is

• A)1.80
• B)1.96
• C)6.709
• D)0.555

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Definitions:

Exponential Expression

An algebraic expression where a number (base) is raised to a power or exponent, representing how many times to multiply the base by itself.

Square Inches

A unit of area measurement in the imperial and US customary systems, equivalent to the area of a square with sides of one inch.

Triangle Area

The measure of the region enclosed by the three sides of a triangle, often calculated as half the product of its base and height.

Distributive Property

A property indicating that a(b+c) equals ab + ac, applicable for multiplication over addition or subtraction.