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 so collects monthly data for 25 firms.He estimates the model: Sales = β₀ + β₁ Advertising + ε.The following table shows a portion of the regression results. Which of the following are the competing hypotheses used to test whether Advertising is significant in predicting Sales? A) H₀:b₁ = 0;H_A:b₁ ≠ 0. B) H₀:b₁ = 2.88;H_A:b₁ ≠ 2.88. C) H₀:β₁ = 0;H_A:β₁ ≠ 0 D) H₀:β₁ = 0;H_A:β₁ ≠ 0.

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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 so collects monthly data for 25 firms.He estimates the model: Sales = β₀ + β₁ Advertising + ε.The following table shows a portion of the regression results. Which of the following are the competing hypotheses used to test whether Advertising is significant in predicting Sales? A) H₀:b₁ = 0;H_A:b₁ ≠ 0. B) H₀:b₁ = 2.88;H_A:b₁ ≠ 2.88. C) H₀:β₁ = 0;H_A:β₁ ≠ 0 D) H₀:β₁ = 0;H_A:β₁ ≠ 0.

A Marketing Analyst Wants to Examine the Relationship Between Sales