Regression Analysis the Local Grocery Store Wants to Predict

question 95

Multiple Choice

Regression Analysis The local grocery store wants to predict the daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects the store sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars) and advertising expenditures (in thousands of dollars) .The Excel/Mega-Stat output given above summarizes the results of the regression model. What are the limits of the 95% confidence interval for the population slope?

• A)5.00 to 8.333
• B)2.667 to 10.667
• C)4.096 to 9.238
• D)2.382 to 10.952
• E)3.308 to 10.025

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Definitions:

Means Of Production

The physical, non-human inputs like factories, machines, and tools used for the production of economic goods.

Human Behaviour

The range of behaviors exhibited by humans and which are influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.

Interaction

The reciprocal action or influence between two or more entities or substances, often resulting in a change.

Scarce Resources

Materials or inputs that are limited in availability and are essential for human survival or for the production of goods and services.