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Author Question: Shown below is a portion of a computer output for a regression analysis relating Y (demand) and X ... (Read 79 times)

isam

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Shown below is a portion of a computer output for a regression analysis relating Y (demand) and X (unit price).

ANOVA  
 

df

SS

Regression

  1

5048.818

Residual

46

3132.661

Total

47

8181.479

   
 

Coefficients

Standard Error

Intercept

80.390

3.102

X

 -2.137

0.248



a.Perform a t test and determine whether or not demand and unit price are related. Let α = 0.05.
b.Perform an F test and determine whether or not demand and unit price are related. Let α = 0.05.
c.Compute the coefficient of determination and fully interpret its meaning. Be very specific.
d.Compute the coefficient of correlation and explain the relationship between demand and unit price.



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Marked as best answer by isam on Mar 25, 2023

studyforce.com

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isam

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)


irishcancer18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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