Question: environment has hampered foot traffic in her area, thus causing a dramatic decline in sales. In order to offset the decline in sales, she has

environment has hampered foot traffic in her
environment has hampered foot traffic in her
environment has hampered foot traffic in her
environment has hampered foot traffic in her
environment has hampered foot traffic in her area, thus causing a dramatic decline in sales. In order to offset the decline in sales, she has pursued a strong advertising campaign. She believes advertising expenditures have a positive inffuence on sales. To support her claim, Akiko estimates the following linear regression model: 5oles 0+1 Unemploynent +2 Advertising +. A portion of the regression results is shown in the accompanying table. a-1. Choose the appropriate hypotheses to test whether the predictor variables jointly influence sales. H0:1=2=0;HA: At least one j=0 Mo: 1=2=1HA t at least one j0 a-2. Find the value of the appropriate test statistic Note: Round your answer to 3 decimal places. a-3. At the 5% significance level, do the predictor variables jointly influence sales? Yes since all t-tests are significant. Yes since the F-test is significant. Both answers are correct. b-1. Choose the hypotheses to test whether the unemployment rate is negatively related with sales. b-2. Find the p-value. p-value

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