50 pt Ye Losses1000 as the Response variable (measured in $1000\'s per year per

Question

50 pt Ye Losses1000 as the Response variable (measured in $1000's per year per office) and uses the following as X variables. Salr1000 Amount spent in Salary and total compensation at each location in $1000 LgComp 1 if there is a large competitor within the office's region located close to the office 0 otherwise (large competitor is far away) Market100 expenditures per year at each office in 100's of dollars, And location of the office. Location is a dummy variable Canada -1 if office is located in Canada O otherwise Omitted Category is USA Mexico 1 if office is located in Mexico; - 0 otherwise 2) Regression Analysis: Loss1000 versus Marketing, LgComp,. The regression output is Predictor Coef SE Coef T P Constant 22500 15250 1.48 0.146 Market100 -4000 1062 -3.82 0.000 LgComp 10700 4896 2.19 0.034 Salr1000 62.00 19.32 3.22 0.002 Canada 7700 4417 -2.75 0.032 Mexico 1200 3776 0.32 0.752

Explanation / Answer

Since the coefficient of Market100 is -4000. Hence the correct option is the last one which says

- For each additional $100 spent on marketing losses decrease by $4000.

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.