Question: statistics economic The below is the regression output that explains sales in terms of price and advert. The regression is linear where sales = b1

statistics economic

statistics economic The below is the regression output that explains sales in

The below is the regression output that explains sales in terms of price and advert. The regression is linear where sales = b1 + b2*price + b3*advert. Use alpha = 0.05, critical t-value = 1.99, n = 75. Coefficients: Estimate Std. Error Intercept) 118.91 6.35 price -7.91 1.10 advert 1.86 0.68 If the price decreases by 1 unit and advert increases by 1 unit, then sales will change by

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