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Storm Storm
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6 years ago
When a regression model was developed relating sales (y) of a company to its product's price (x1), the SSE was determined to be 495 . A second regression model relating sales (y) to product's price (x1) and competitor's product's price (x2) resulted in an SSE of 396 . At  = .05, determine if the competitor's product's price contributed significantly to the model. The sample size for both models was 33.
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wrote...
6 years ago
. F = 7.5 > critical F = 4.17; reject H0; competitor's product's price contributed significantly to the model.
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