Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales.Use the output shown below, calculate the amount of variability in Sales is explained by the estimated multiple regression model.

A)15.57%
B)6.90%
C)84.43%
D)29%
E)None of the above.

Question

Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales.Use the output shown below, calculate the amount of variability in Sales is explained by the estimated multiple regression model.

A)15.57% 
B)6.90% 
C)84.43% 
D)29% 
E)None of the above.

Quizplus · Accepted Answer

The Answer of Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales.Use the output shown below, calculate the amount of variability in Sales is explained by the estimated multiple regression model.

A)15.57% 
B)6.90% 
C)84.43% 
D)29% 
E)None of the above.

Selling Price and Amount Spent Advertising Were Entered into a Multiple