A regression model between sales (y in $1000), unit price (x1 in dollars), and television advertisement (x2 in dollars) resulted in the following function:
?
= 8 - 4x1 + 5x2
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For this model, SSR = 3500, SSE = 1500, and the sample size is 20. To test for the significance of the model, thep-value is
A. less than .01.
B. between .01 and .025.
C. between .025 and .05.
D. greater than .10.
Answer: A
Business
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