For items 3-6, refer to the following software output. The Data Analysis ToolPak in Excel was used to analyze the dataset above. Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Intercept Advertising cost (S) 0.634837268 0.403018356 0.343320192 50.2256962 df 12 1 10 11 SS MS F Significance F 17030.04442 17030.04 6.750934 0.026570895 25226.20558 2522.621 42256.25 Coefficients Standard Error t Stat P-value 279.2893401 68.69285999 4.06577 0.002265 3.220812183 1.239605445 2.598256 0.026571 4. Present the simple linear regression model using the following format: Y = bo. b₂x. Interpret the slope of the estimated regression line. 6. Another retail merchant who sells face masks spent a total of $55 for advertising its product. Using the regression model in (4), predict the sales of this merchant.
For items 3-6, refer to the following software output. The Data Analysis ToolPak in Excel was used to analyze the dataset above. Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Intercept Advertising cost (S) 0.634837268 0.403018356 0.343320192 50.2256962 df 12 1 10 11 SS MS F Significance F 17030.04442 17030.04 6.750934 0.026570895 25226.20558 2522.621 42256.25 Coefficients Standard Error t Stat P-value 279.2893401 68.69285999 4.06577 0.002265 3.220812183 1.239605445 2.598256 0.026571 4. Present the simple linear regression model using the following format: Y = bo. b₂x. Interpret the slope of the estimated regression line. 6. Another retail merchant who sells face masks spent a total of $55 for advertising its product. Using the regression model in (4), predict the sales of this merchant.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
show all the solutions. no immediate rounding. round off the final answer in 4 decimal places
Transcribed Image Text:For items 3-6, refer to the following software output. The Data Analysis ToolPak in
Excel was used to analyze the dataset above.
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
ANOVA
Regression
Residual
Total
Intercept
Advertising cost (S)
0.634837268
0.403018356
0.343320192
50.2256962
df
12
1
10
11
SS
MS
F Significance F
17030.04442 17030.04 6.750934 0.026570895
25226.20558 2522.621
42256.25
Coefficients Standard Error t Stat P-value
279.2893401 68.69285999 4.06577 0.002265
3.220812183 1.239605445 2.598256 0.026571
4. Present the simple linear regression model using the following format: Y = bo.
b₁x. Interpret the slope of the estimated regression line.
6. Another retail merchant who sells face masks spent a total of $55 for advertising
its product. Using the regression model in (4), predict the sales of this merchant.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman