A regression model relating units sold (Y),price (X₁),and whether or not promotion was used (X₂ = 1 if promotion was used and 0 if it was not)resulted in the following model.
and the following information is provided.

a.Is price a significant variable?
b.Is promotion significant?

Question

A regression model relating units sold (Y),price (X₁),and whether or not promotion was used (X₂ = 1 if promotion was used and 0 if it was not)resulted in the following model.

A regression model relating units sold (Y),price (X<sub>1</sub>),and whether or not promotion was used (X<sub>2</sub> = 1 if promotion was used and 0 if it was not)resulted in the following model. and the following information is provided. a.Is price a significant variable? b.Is promotion significant?

and the following information is provided.
A regression model relating units sold (Y),price (X<sub>1</sub>),and whether or not promotion was used (X<sub>2</sub> = 1 if promotion was used and 0 if it was not)resulted in the following model. and the following information is provided. a.Is price a significant variable? b.Is promotion significant?

a.Is price a significant variable?
b.Is promotion significant?

Quizplus · Accepted Answer

The Answer of A regression model relating units sold (Y),price (X₁),and whether or not promotion was used (X₂ = 1 if promotion was used and 0 if it was not)resulted in the following model. and the following information is provided. a.Is price a significant variable? b.Is promotion significant?

A Regression Model Relating Units Sold (Y),price (X1),and Whether or Not

A Regression Model Relating Units Sold (Y),price (X₁),and Whether or Not