An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Minitab output of this regression is reproduced below. Coefficients Term Constant GDP Price Model Summary S 0.299 Error Total Coef Analysis of Variance Source Regression -0.0861 0.7654 -0.0006 R-sq 0.98% DF 2 7 9 SE Coef 0.5644 0.0574 0.0028 R-sq(adj) 0.98% Adj SS 33.4163 0.6277 34.0440 T-Value O a. 7 O b.9 O c. 10 O d. Cannot be determined from the information given. -0.1520 13.3400 -0.1290 Adj MS 16.7082 0.0897 P-Value 0.8837 0.0001 0.8330 F-Value P-Value 186.325 0.049 Referring to the table above, how many observations were there in this study?

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An economist is interested to see how consumption for an economy (in $ billions)
is influenced by gross domestic product ($ billions) and aggregate price (consumer
price index). The Minitab output of this regression is reproduced below.
Coefficients
Term
Constant
GDP
Price
Model Summary
S
0.299
Error
Total
Coef
Analysis of Variance
Source
Regression
-0.0861
0.7654
-0.0006
R-sq
0.98%
DF
•
2
7
9
SE Coef
0.5644
0.0574
0.0028
R-sq(adj)
0.98%
Adj SS
33.4163
0.6277
34.0440
T-Value
O a. 7
O b. 9
O c. 10
O d. Cannot be determined from the information given.
-0.1520
13.3400
-0.1290
Adj MS
16.7082
0.0897
P-Value
0.8837
0.0001
0.8330
F-Value P-Value
186.325
0.049
Referring to the table above, how many observations were there in this study?
Transcribed Image Text:An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Minitab output of this regression is reproduced below. Coefficients Term Constant GDP Price Model Summary S 0.299 Error Total Coef Analysis of Variance Source Regression -0.0861 0.7654 -0.0006 R-sq 0.98% DF • 2 7 9 SE Coef 0.5644 0.0574 0.0028 R-sq(adj) 0.98% Adj SS 33.4163 0.6277 34.0440 T-Value O a. 7 O b. 9 O c. 10 O d. Cannot be determined from the information given. -0.1520 13.3400 -0.1290 Adj MS 16.7082 0.0897 P-Value 0.8837 0.0001 0.8330 F-Value P-Value 186.325 0.049 Referring to the table above, how many observations were there in this study?
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