Exhibit 12-3 Regression Analysis Was Applied Between Sales Data (In $1,000s) and $1,000s)

question 60

Multiple Choice

Exhibit 12-3
Regression analysis was applied between sales data (in $1,000s) and advertising data (in $100s) and the following information was obtained.

-Refer to Exhibit 12-3. 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:

Genetics

The study of heredity and the variation of inherited characteristics, involving genes and DNA and how these are passed down from parents to offspring.

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Intelligence

An individual’s ability to adapt to the environment.

Telomeres

The protective caps at the end of chromosomes that shorten with each cell division, associated with aging and cell lifespan.