A marketing analyst wants to examine the relationship between sales (in $1,000s) and advertising (in $100s) for firms in the food and beverage industry and collects monthly data for 25 firms. He estimates the model: Sales = β₀ + β₁Advertising + ε. The following ANOVA table shows a portion of the regression results. Which of the following is the standard error of the estimate? A) 4.68 B) 8.86 C) 21.91 D) 78.53

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The Answer of A marketing analyst wants to examine the relationship between sales (in $1,000s) and advertising (in $100s) for firms in the food and beverage industry and collects monthly data for 25 firms. He estimates the model: Sales = β₀ + β₁Advertising + ε. The following ANOVA table shows a portion of the regression results. Which of the following is the standard error of the estimate? A) 4.68 B) 8.86 C) 21.91 D) 78.53

A Marketing Analyst Wants to Examine the Relationship Between Sales