Solution) Sales of a product are influenced by the salesperson’s level of education and gender, as well as con


Question: Sales of a product are influenced by the salesperson’s level of education and gender, as well as consumer income, ethnicity, and wealth.

a. Formulate this statement as a multiple regression model (form only, without parameter estimation).

b. Specify dummy variables.

c. If the effects of consumer incoMeand wealth are not additive alone, and an interaction is expected, specify a new variable to test for the interaction.

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See Answer: The solution consists of 2 pages
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