This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Exhibit 12-4Regression analysis was applied between sales data (Y in $1,000s) and advertising data ... (Read 23 times)

blinding37

  • Full Member
  • ***
  • Posts: 148
on: Mar 25, 2023

Question 1

Exhibit 12-3
You are given the following information about y and x.

 

y
Dependent Variable

x
Independent Variable

12

4

  3

6

  7

2

  6

4


Refer to Exhibit 12-3. The coefficient of determination equals


◦

-0.4364


◦

0.4364


◦

-0.1905


◦

0.1905



Question 2

Exhibit 12-4
Regression analysis was applied between sales data (Y in $1,000s) and advertising data (x in $100s) and the following information was obtained.

= 12 + 1.8 x

n = 17
SSR = 225
SSE = 75
Sb1 = 0.2683


Refer to Exhibit 12-4. Based on the above estimated regression equation, if advertising is $3,000, then the point estimate for sales (in dollars) is


◦

$66,000


◦

$5,412


◦

$66


◦

$17,400

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by blinding37 on Mar 25, 2023

saly

  • Full Member
  • ***
  • Posts: 165
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.
Answer Preview
Only 42% of students answer this correctly


blinding37

  • Member
  • Posts: 148
Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Much time and effort occurs between the development of a research idea and the statistical analysis Much time and effort occurs between the development of a research idea and the statistical analysis
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
How to find the quartiles and percentiles for a data set How to find the quartiles and percentiles for a data set
Data management questions Data management questions
linear programming problem, applying simplex method and sensitivity analysis linear programming problem, applying simplex method and sensitivity analysis
GENETIC ANALYSIS GENETIC ANALYSIS
Video: Conduction of action potentials

For a complete list of videos, visit our video library