Exhibit 13-2
A regression model between sales Y in $1,000), unit price X1 in dollars) and television advertisement X2 in dollars) resulted in the following function:
$\hat { Y }$ =7-3X1+5X2
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
-Refer to Exhibit 13-2. The coefficient of X2 indicates that if television advertising is increased by $1 holding the unit price constant), sales are expected to
A) increase by $5
B) increase by $12,000
C) increase by $5,000
D) decrease by $2,000

Question

Exhibit 13-2
A regression model between sales Y in $1,000), unit price X1 in dollars) and television advertisement X2 in dollars) resulted in the following function:
 $\hat { Y }$ =7-3X1+5X2
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
-Refer to Exhibit 13-2. The coefficient of X2 indicates that if television advertising is increased by $1 holding the unit price constant), sales are expected to
A) increase by $5
B) increase by $12,000
C) increase by $5,000
D) decrease by $2,000

Quizplus · Accepted Answer

The Answer of Exhibit 13-2
A regression model between sales Y in $1,000), unit price X1 in dollars) and television advertisement X2 in dollars) resulted in the following function:
 $\hat { Y }$ =7-3X1+5X2
For this model SSR = 3500, SSE = 1500, and the sample size is 18.
-Refer to Exhibit 13-2. The coefficient of X2 indicates that if television advertising is increased by $1 holding the unit price constant), sales are expected to
A) increase by $5
B) increase by $12,000
C) increase by $5,000
D) decrease by $2,000

Exhibit 13-2 a Regression Model Between Sales Y in $1,000) Y^\hat { Y }Y^

Exhibit 13-2
a Regression Model Between Sales Y in $1,000) $\hat { Y }$