d) At a = 0.05, test for the significance of the coefficient of number of salespeople.State the null and alternative hypotheses. (Enter != for # as needed.)B₁₂=0B₂!=0HoHaFind the value of the test statistic. (Round your answer to two decimal places.)2.61xFind the p-value. (Round your answer to four decimal places.)p-value= .0349XState your conclusion.O Reject Ho. There is sufficient evidence to conclude that is significant.O Do not reject Ho. There is insufficient evidence to conclude that ß, is significant.OReject Ho. There is insufficient evidence to conclude that ß, is significant.2O Do not reject Ho. There is sufficient evidence to conclude that B₂ is significant.(e) If the company uses $48,000 in advertisement and has 790 salespeople, what are the expected sales? Give your answer in dollars.69Need Help?Submit Answerf and onRead ItViewing Saved Work Revert to Last Response0hp□XEW You may need to use the appropriate technology to answer this question.The following is part of the results of a regression analysis involving sales (y in millions of dollars), advertising expenditures (x, in thousands of dollars), and number of salespeople (x₂) for a corporation. The regressionwas performed on a sample of 10 observations.?ConstantHo:X1Hax2Fin off and onCoefficients(a) Write the regression equation.-11.3200.7880.151f3Standard Error-11.320 +0.788x₁ +0.151x220.452(b) Interpret the coefficients of the estimated regression equation found in part (a). (Give your answers in dollars.)As advertising increases by 1 unit ($1,000), sales are expected to increase by $ 788to increase by $.151X when advertising is held constant.J(c) At a = 0.05, test for the significance of the coefficient of advertising.State the null and alternative hypotheses. (Enter != for # as needed.)B₁ = 0B₁!= 0Find the value of the test statistic. (Round your answer to two decimal places.)2.610.3020.218Find the p-value. (Round your answer to four decimal places.)p-value H 0349State your conclusion.0/104-004+i&144*fgX when the number of salespeople is held constant. As the number of salespeople increases by 1, sales are expectedDIIhpf10DDI12insertprt sc5←deletebackspacehomenumlockend6:15 PM11/29/2022pg uppg dh

The relationship between the independent and dependent variables explained using the regression…

At a = 0.05, test for the significance of the coefficient of number of salespeople. State the null and alternative hypotheses. (Enter != for as needed.) B₂=0 Ho H₂: B₂!=0 Find the value of the test statistic. (Round your answer to two decimal places.) 2.61 X Find the p-value. (Round your answer to four decimal places.) p-value = 0349 X State your conclusion. O Reject Ho. There is sufficient evidence to conclude that B₂ is significant. Do not reject Ho. There is insufficient evidence to conclude that ₂ is significant.

At a = 0.05, test for the significance of the coefficient of number of salespeople. State the null and alternative hypotheses. (Enter != for as needed.) B₂=0 Ho H₂: B₂!=0 Find the value of the test statistic. (Round your answer to two decimal places.) 2.61 X Find the p-value. (Round your answer to four decimal places.) p-value = 0349 X State your conclusion. O Reject Ho. There is sufficient evidence to conclude that B₂ is significant. Do not reject Ho. There is insufficient evidence to conclude that ₂ is significant.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

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