A company examines the relationship between sales (Y), adver…
A company examines the relationship between sales (Y), advertising budget (X₁ in $1000s), and store size (X₂ in 100 sq ft). They run three models: Model 1: Y = β₀ + β₁X₁ Model 2: Y = β₀ + β₁X₁ + β₂X₂ Model 3: Y = β₀ + β₁X₁ + β₂X₂ + β₃(X₁·X₂) Results: Model 1: R² = 0.45, Adjusted R² = 0.44, β₁ = 2.5 Model 2: R² = 0.65, Adjusted R² = 0.63, β₁ = 1.8, β₂ = 3.2 Model 3: R² = 0.82, Adjusted R² = 0.80, β₁ = 0.5, β₂ = 1.1, β₃ = 0.6 Which of the following statements are true? (Select ALL that apply) IMPORTANT: For ‘Select ALL that apply’ questions, Canvas will deduct points for each incorrect selection. Only choose the options you are confident are correct. Partial credit is possible, but incorrect selections will reduce your score. When in doubt, it’s better to select only the answers you’re certain about rather than guessing.”