Question: Chapter 15 Q4 See attachment. I need help with the whole thing. d) Sales increase on average about $635 million for each million spent on
Chapter 15 Q4 See attachment. I need help with the whole thing.




d) Sales increase on average about $635 million for each million spent on TV, after allowing for the effects of the other kinds of advertising. G) A. This interpretation accounts for other advertising incorrectly. It should include a $3.5 million increase in radio spending and a $2.3 million increase in magazine spending. 0 B. This interpretation accounts for other advertising incorrectly. It should include a $1 million increase in radio spending and a $1 million increase in magazine spending. 0 C. This interpretation has the wrong relationship. It should be a million dollar increase in sales on average for every:r $635 million spent on TV. 0 D. This interpretation is correct. b) Every million dollars spent on radio makes sales increase $3.5 million, all other things being equal. O A. This interpretation has the wrong relationship. It should be a million dollar increase in sales for every $3.5 million increase in radio spending. O B. This interpretation suggests a perfect relationship, so it is incorrect. O C. This interpretation has the wrong income increase. It should be $250 million. O D. This interpretation is correct.c} Everyr million dollars spent on magazines increases TV spending $2.3 million. G) A. This interpretation has the wrong TV spending increase. it should be $635 million. 0 B. This interpretation has the wrong relationship. It should be a million dollar increase in TV spending for every $2.3 million increase in magazine spending. 0 0. Changes in magazine spending cannot be used to predict changes in TV spending. 0 D. This interpretation is correct. A household appliance manufacturer wants to analyze the relationship between total sales and the company's three primary means of advertising (television, magazines, and radio). All values were in millions of dollars, and the company spends significant amounts on all three forms of advertising. They found the following regression equation. Sales = 250 + 6.75 TV + 3.5 Radio + 2.3 Magazine One of the following interpretations is correct. Which is it? Explain what's wrong with the others. a) If they did no advertising, their income would be $250 million. O A. This interpretation has the wrong income. It should be $262.55 million. O B. This interpretation extrapolates to a point outside the sample data, so it is not correct. O C. This interpretation has the wrong income. It should be $237.45 million. O D. This interpretation is correct
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
