Problem 7-5. The CEO of a well known car seller company wants to determine the f

Question

Problem 7-5. The CEO of a well known car seller company wants to determine the factors having an influence on the percentage amount of car sales. The table bellow shows the result of a regression after setting a model with variables available. The interpretation for the coefficient of the variable Comfort (an index from o to 10) is... Coefficients UnstandardizedStandardized Coefficients Coefficients Model Sig. Std. Error Beta Constant) -1.312 1.195 Dependability 740 Comfort442 094 882 581 3.974 024 4.120 036 127 558 578 a Dependent Variable: Sales (%)

Explanation / Answer

The coefficient of variable comfort given here is 0.442. This means that for each scale point increase in the comfort value, there is an increase in 0.442 % increase in the sales.

This is the required interpretation of the variable comfort.

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