A regression model between sales ( y in $1000s), unit price ( x 1 in dollars) and television advertisement ( x 2 in dollars) resulted in the following function 7 3 x 1 5 x 2 For this model, SSR 3500, SSE 1500, and the sample size is 18 If we want to test for the significance of the regression model, the critical value of F at 95 confidence is a 4 54 b 3 29 c 3 68 d 3 24

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Question: A regression model between sales ( y in $1000s), unit price ( x 1 in dollars) and television advertisement ( x 2 in dollars) resulted

A regression model between sales (y in $1000s), unit price (x₁ in dollars) and television advertisement (x₂ in dollars) resulted in the following function: = 7 3x₁ + 5x₂ For this model, SSR = 3500, SSE = 1500, and the sample size is 18. If we want to test for the significance of the regression model, the critical value of F at 95% confidence is _____.

a. 4.54

b. 3.29

c. 3.68

d. 3.24

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