Suppose a researcher ran the following regression with the sample…

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Question Answered step-by-step Suppose a researcher ran the following regression with the sample… Suppose a researcher ran the following regression with the sample size of 26:  where the dependent variable is “Number of Products Sold” and the explanatory variable, , is “Advertisement spending in dollars”.  The estimated equation is  If the company spend $100 on the advertisement, what is the predicted value of the number of products they sold?  Quantity sold = 100 +2.7 * 100                   Quantity Sold = 370  Given an estimated coefficient = 2.7 with a standard error (SE) of 1.5, test the null hypothesis that b = 0 at the 5% level of significance.   What is the alternative hypothesis?       What is the t-statistic for the test?   Math Statistics and Probability ECOM MISC Share QuestionEmailCopy link Comments (0)

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