14.Referring to Scenario 12-2, what is the standard error of the regression slope estimate, S ?
$$b$$ 1
a) 0.784 b) 0.885 c) 12.650 d) 16.299
ANSWER:
c
TYPE: MC DIFFICULTY: Moderate
KEYWORDS: standard error, slope
-Referring to Scenario 12-2, to test whether a change in price will have any impact on sales, what would be the critical values? Use $\alpha$= 0.05.
A)$\pm$ 2.5706
B)$\pm$ 2.7765
C)$\pm$ 3.1634
D)$\pm$3.4954

Question

14.Referring to Scenario 12-2, what is the standard error of the regression slope estimate, S ?
 $$b$$ 1
a) 0.784 b) 0.885 c) 12.650 d) 16.299
ANSWER:
c
TYPE: MC DIFFICULTY: Moderate
KEYWORDS: standard error, slope
-Referring to Scenario 12-2, to test whether a change in price will have any impact on sales, what would be the critical values? Use $\alpha$= 0.05.
A)$\pm$ 2.5706
B)$\pm$ 2.7765
C)$\pm$ 3.1634
D)$\pm$3.4954

Quizplus · Accepted Answer

The standard error of the regression slope estimate is given as 12.650, which corresponds to choice c.

14Referring to Scenario 12-2, What Is the Standard Error of the Regression