The CEO of a well known car seller company wants to determine the factors having

Question

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 model includes the variable CONVERTIBLE which equals 1 if the car is convertible, zero otherwise.

The interpretation for the Convertible coefficient Coefficients Unstandardized Standardized Coefficients Coefficientst Model Sig. B Std. Error Beta 1.145 285 2.024 078 1.399 199 1.921 091 -1.179 272 Constant) 2.210 1.930 Dependability .550 272 384 1 Interiorcomfort .252 .180 .270 Acceleration 448 233 429 Convertible 100 204 .187 a. Dependent Variable: Sales O The average sales of convertibles is 10% 0 Sales of convertible cars are 10% less than sales of non convertibles 0 Sales of non convertible cars are 10% less than sales of convertibles

Explanation / Answer

Coefficient of CONVERTIBLE is 0.100 and hence,

Sales of non convertible cars are 10% less than sales of convertibles

Option C is correct.

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