Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales.The adjusted R2 value was reported as 83.3%.This means that ________________________ .
A) selling price and amount spent advertising do not describe TV sales well
B) 83.3% of the variance in TV sales can be accounted for by selling price
C) 83.3% of the variance in TV sales can be accounted for by amount spent advertising
D) 83.3% of the variance in TV sales can be accounted for by the model including both selling price and amount spent advertising
E) both selling price and amount spent advertising are significant predictors of TV sales
Correct Answer:
Verified
Q2: A sample of 33 companies was randomly
Q3: A sample of 33 companies was randomly
Q4: Using the output below, calculate the predicted
Q5: Selling price and amount spent advertising were
Q6: Selling price and amount spent advertising were
Q7: Selling price and amount spent advertising were
Q8: Selling price and amount spent advertising were
Q9: A sample of 33 companies was randomly
Q10: A sample of 33 companies was randomly
Q11: A sample of 33 companies was randomly
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