uestion 47 (1 point) Use the following information to answer the question(s) bel

Question

uestion 47 (1 point) Use the following information to answer the question(s) below Ford would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the employee's number of years of sales experience (Exp), the employee's weekly base salary before commissions (Salary), and the education level of the employee. There are three levels of education in the sales force-high school degree, associate's degree, and bachelor's degree. The following dummy variables have been defined. Degree High School 0 Associate's o Bachelor's 1 ED1 ED2 0 The following Excel output shows the partially completed regression output from a ran sample of employees from the previous month

Explanation / Answer

SOLUTION :-

Significant independent variables are:

Salary P =0.0097 which is < 0.05 level.

ED1 Bachelors degree P =0.0396 which is < 0.05 level

So P value of the hypothesis test for the overall regression model is 0.0396.

Option A is correct

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