Solved

Novo Nordisk A/S,a Danish Firm,sells Insulin and Other Drugs Worldwide  which is correct? \underline{\text{ which is correct? }}

Question 26

Multiple Choice

Novo Nordisk A/S,a Danish firm,sells insulin and other drugs worldwide.Activella,an estrogen and progestin hormone replacement therapy sold by Novo-Nordisk,is examined using 33 quarters of data

Y = -204 + .34X1 - .17X2
(17) 0) (-1.71)

Where Y is quarterly sales of Activella,X1 is the Novo's advertising of the hormone therapy,and X2 is advertising of a similar product by Eli Lilly and Company,Novo-Nordisk's chief competitor.The parentheses contain t-values.Addition information is: Durbin-Watson = 1.9 and R2 = .89.

Using the data for Novo-Nordisk,  which is correct? \underline{\text{ which is correct? }}


A) Both X1 and X2 are statistically significant.
B) Neither X1 nor X2 are statistically significant.
C) X1 is statistically significant but X2 is not statistically significant.
D) X1 is not statistically significant but X2 is statistically significant.
E) The Durbin-Watson statistic shows significant problems with autocorrelation

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents