1. Business
  2. Economics
  3. you work for segway in the sales division of the...

Question: you work for segway in the sales division of the...

Question details

You work for Segway, in the sales division of the Drift W1 (which are basically motorized roller skates). Youve collected data on monthly sales (S) and the price of the Drift W1 (P), both in dollars, as well as the daily average summer temperature in your most popular market (T) in degrees Fahrenheit. You estimate the following regression model: mation lag tion in your regressions, you usually look for a 10%-or-better level of confidence. on 11 The expected sign of r saved Select one: O out of a. b is negative and c is positive. b. b is positive and c is positive. c. b is positive and c is negative. d. b is negative and c is negative. tion Your regression yields the following results Dep. Var.: S Adj. R-square 0.807 Variable CoefficientStandard Error t-statP-value 3.972 0.01062 4.522 0.00627 0.1990.84996 908 1991 3.35 10.04 15.17
STUDENT SUCCESS ONLINE RESOURCES Victoria Johnson Your regression yields the following results Dep. Var: S Adj. R-square 0.807 Variable Intercept 7908 P Flag question e Coefficient Standard Error 1991 35 10.04 t-statP-value 3.9720.01062 -4.522 10.00627 0.1990.84996 15.17 Question 12 The estimated coefficient for a (intercept) suggests t Not yet answered Marked out of 1.00 P Flag Select one a. Sales will range between $1,991 and $7,908 per month, but not outside those limits. question b. Sales will be $7,908 per month when P and T are at their optimal values. c. a cannot be interpreted with confidence since its parameter estimate is not statistically significant. d. If P and T are zero, we could still expect about $7,908 in sales per month. Question 13 The estimated coefficient for b (orice of the Dritft w sugoete tbot
?attempt. 739550&cmids35 594 9&pages 2#q15 ONLINE RESOURCES mpt.php LSUS RESOURCES TECHNICAL RESOURCES SUCCESS The estimated coefficient for b (price of the Drift W1) suggests that Select one: a. when price is close to $807, then consumers will demand one more unit per month if price drops by $15.17. b. monthly sales will Iicrease by $15.17 if the price of the Drift W1 decreases by $3.35. c. a one-dollar increase in price is associated with an increase in monthly sales of 4.522 units. d. a $1 increase in the price of the Drift W1 is associated with a decrease of monthly sales of $15.17. The estimated coefficient for c (daily average summer temperature) suggests that Select one: a, temperature has a less important effect on our sales than does the price of b. a one-degree increase in temperature is associated with a $2.00 increase in c. a one-degree increase in temperature is associated with a $10.04 increase in d. a one-degree increase in temperature is associated with a $0.85 increase in our units, since the absolute values of c<b. monthly sales. monthly sales. price. The price of the Drift W1 has a statistically significant effect on our sales
The price of the Drift W1 has a statistically significant effect on our sales. Select one: O True False Daily average summer temperature affects the sales of the Drift W1 in a statistically significant way Select one: True False What portion of the total variation in sales of the Drift W1 remains unexplained? Select one: a. 0.807, or 80.7% b. 0.193, or 19.3% . c, 0.03972, or 3.972% d, 0.01062, or 1.062%
d, 0.01062, or 1.062% Question 18 Segway is considering selling the Drift W1 in a new city, where the average daily summer temperature is 71°, for a price of $485. What level of sales would you expect in this new city (rounded to the nearest dollar)? ot yet swered arked out of Answer Flag estion evious page Next page Assignment 2: State Crime data Jump to... Module Thred: Overview and Learning Objectives gged in as Victoria Johnson Log out) 32209-SPRING2019
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution