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Author Question: Exhibit 12-4Regression analysis was applied between sales data (Y in $1,000s) and advertising data ... (Read 77 times)

blinding37

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on: Mar 25, 2023

Question 1

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. The F statistic computed from the above data is


◦

3


◦

45


◦

48


◦

50



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. To perform an F test, the p-value is


◦

less than .01


◦

between .01 and .025


◦

between .025 and .05


◦

between .05 and 0.1

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by blinding37 on Mar 25, 2023

zubair1583

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Reply #1 on: Mar 25, 2023
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blinding37

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Reply 2 on: Mar 25, 2023
Excellent

ricroger

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

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