3 What does the Adjusted R Squared tell us about the relationship between Sales, Price, and Advertising? The modelexplains about 70% of the variance in sales. The model explains about 80% of the variance in sales. The model explainsabout 70% of the variance in sales. The model explains about 80% of the variance in sales. The model explains about60% of the variance in sales. The model explains about 90% of the variance in salesงcQuantity SoldPrice Advertising900053250Variable DescriptionsQuanity Sold48008550Price57006750Weight75005850630083550Model Parameters740062150580071200The number of products soldThe dollar amount charged for the productThe dollar amount spent in advertising the productDependent VariablePredictorsPriceAdvertisingInterceptQuantity SoldCoefficient-869.59440020.66209607811069.70946

To determine the value of the adjusted r-square and interpret its value.

3 What does the Adjusted R Squared tell us about the relationship between Sales, Price, and Advertising? The model explains about 70% of the variance in sales. The model explains about 80% of the variance in sales. The model explains about 70% of the variance in sales. The model explains about 80% of the variance in sales. The model explains about 60% of the variance in sales. The model explains about 90% of the variance in sales ა c Quantity Sold Price Advertising 9000 5 3250 Variable Descriptions Quanity Sold 4800 8 550 Price 5700 6 750 Weight 7500 5 850 6300 8 3550 Model Parameters 7400 6 2150 5800 7 1200 The number of products sold The dollar amount charged for the product The dollar amount spent in advertising the product Dependent Variable Predictors Price Advertising Intercept Quantity Sold Coefficient -869.5944002 0.662096078 11069.70946