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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 81 times)

isam

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on: Mar 25, 2023

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.

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by isam on Mar 25, 2023

studyforce.com

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Reply #1 on: Mar 25, 2023
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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isam

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Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

Dinolord

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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