Develop the estimated regression equation to show how overall customer satisfaction is related to the independent variable average meal price. (Round your numerical values to two decimal places.) At the 0.05 level of significance, test whether the estimated regression equation developed in part (a) indicates a significant relationship between overall customer satisfaction and average meal price. (Use an F test.) State the null and alternative hypotheses. O Ho: Bq z 0 Hạ: Bq < 0 O Ho: Bị = 0 H,: Bz > 0 O Ho: Bị s0 Hgi Bq > 0 O Ho: Bz = 0 Hg: B1 * 0 Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. Do not reject Ho. There sufficient evidence to conclude that there is a significant relationship. Reject Ho. There is sufficient evidence to conclude that there is a significant relationship.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.



Step by step
Solved in 2 steps









