Problem 7-7. The CEO of a well known car seller company wants to determine the f
ID: 2948578 • Letter: P
Question
Problem 7-7. 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 Dependability (an index from 0 to 10) is.. Coefficients Unstandardized Standardized Coefficients Coefficients Model Si Std. Error Beta Constant 1.312 1.195 .882 581 1 Dependability -740 127 .558 .974 .024 Comfort442 094578 4.120 .036 a-Depender 1. Variable: Sales (%)Explanation / Answer
From the coefficient column of the above table, the coefficient for the variable Dependability is given to be 0.740.
The interpretation of this is that for a unit increase that is a unit increase in index in the value of the variable Dependability, there would be an increase in 0.74% Sales ( provided that all the other variables are kept constant )
Note that the positive linear correlation is due to the fact that the coefficient is positive.