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Author Question: A large national bank charges local companies for using their services. A bank official reported the ... (Read 155 times)

Melani1276

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on: Feb 14, 2020
A large national bank charges local companies for using their services. A bank official reported the results of a regression analysis designed to predict the bank's charges (y), measured in dollars per month, for services rendered to local companies. One independent variable used to predict service charge to a company is the company's sales revenue (x), measured in $ million. Data for 21 companies who use the bank's services were used to fit the model

E(y) = β0 + β1x.


The results of the simple linear regression are provided below.

= 2,700 + 20x, s = 65, 2-tailed p-value = .064 (for testing β1)

Interpret the p-value for testing whether β1 exceeds 0.
◦ For every $1 million increase in sales revenue (x), we expect a service charge (y) to increase $.064.
◦ There is insufficient evidence (at α = .05) to conclude that service charge (y) is positively linearly related to sales revenue (x).
◦ Sales revenue (x) is a poor predictor of service charge (y).
◦ There is sufficient evidence (at α = .05) to conclude that service charge (y) is positively linearly related to sales revenue (x) .
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by Melani1276 on Feb 14, 2020

Jmfn03

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Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Melani1276

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Reply 2 on: Feb 14, 2020
:D TYSM

debra928

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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