Which of the following statements is true?
A) The multiple regression model is not significant overall.
B) Selling Price is not a significant independent variable in explaining Bravia sales.
C) Amount Spent on Advertising is not a significant independent variable in explaining Bravia sales.
D) All we can say is that the multiple regression model is significant overall and that Selling Price is a significant independent variable in explaining Bravia sales.
E) We can say that the multiple regression model is significant overall, Selling Price is a significant independent variable in explaining Bravia sales and Amount Spent on Advertising is a significant independent variable in explaining Bravia sales.

Question

Quizplus · Accepted Answer

The question states that a multiple regression model is being used to explain Bravia sales, and the statement is asking which of the following statements is true. Option A states that the model is not significant overall, which contradicts the question's assumption that a model has been fitted. Options B and C state that either Selling Price or Amount Spent on Advertising is not significant in explaining Bravia sales. However, the question does not state that only one independent variable is included in the model. Therefore, we cannot conclusively say that one variable is not significant without considering the other variables in the model. Option D is partially correct since it acknowledges the overall significance of the model and the significance of Selling Price. However, it does not consider the significance of Amount Spent on Advertising. Option E is the correct answer since it acknowledges the significance of the model overall and both Selling Price and Amount Spent on Advertising as significant independent variables.

Which of the Following Statements Is True