Is there enough evidence to support the claim that on average, car sales are higher in the 4th quarter than in the 2nd quarter at the 0.01 level of significance? If yes, write the regression equation in the spaces provided, rounded to two decimal places. Else, select "There is not enough evidence."
Is there enough evidence to support the claim that on average, car sales are higher in the 4th quarter than in the 2nd quarter at the 0.01 level of significance? If yes, write the regression equation in the spaces provided, rounded to two decimal places. Else, select "There is not enough evidence."
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
Suppose the following data were collected from a sample of 5 car manufacturers relating monthly car sales to the number of dealerships and the quarter of the year. Use statistical software to find the following regression equation:
SALESi= b0 + b1DEALERSHIPSi + b2 QUARTER1i+ b3QUARTER2i + b4QUARTER3i+ ei
Is there enough evidence to support the claim that on average, car sales are higher in the 4th quarter than in the 2nd quarter at the 0.01 level of significance? If yes, write the regression equation in the spaces provided, rounded to two decimal places. Else, select "There is not enough evidence."
Monthly Sales | Number of Dealerships | 1st Quarter (1 if Jan.-Mar., 0 otherwise) | 2nd Quarter (1 if Apr.-Jun., 0 otherwise) | 3rd Quarter (1 if Jul.-Sep., 0 otherwise) | 4th Quarter (1 if Oct.-Dec., 0 otherwise) |
---|---|---|---|---|---|
85482 | 4 | 1 | 0 | 0 | 0 |
101319 | 9 | 1 | 0 | 0 | 0 |
121389 | 12 | 1 | 0 | 0 | 0 |
133677 | 18 | 1 | 0 | 0 | 0 |
194588 | 22 | 1 | 0 | 0 | 0 |
82128 | 4 | 0 | 1 | 0 | 0 |
150407 | 9 | 0 | 1 | 0 | 0 |
242714 | 12 | 0 | 1 | 0 | 0 |
260324 | 18 | 0 | 1 | 0 | 0 |
273495 | 22 | 0 | 1 | 0 | 0 |
65497 | 4 | 0 | 0 | 1 | 0 |
101489 | 9 | 0 | 0 | 1 | 0 |
150188 | 12 | 0 | 0 | 1 | 0 |
165463 | 18 | 0 | 0 | 1 | 0 |
200443 | 22 | 0 | 0 | 1 | 0 |
98531 | 4 | 0 | 0 | 0 | 1 |
200346 | 9 | 0 | 0 | 0 | 1 |
250162 | 12 | 0 | 0 | 0 | 1 |
306556 | 18 | 0 | 0 | 0 | 1 |
389591 | 22 | 0 | 0 | 0 | 1 |
Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used.
SALESi= _________ + __________ DEALERSHIPi+________QUARTER 1i, +______QUARTER2i +______ QUARTER3i +ei
or chec the box if there is not enough evidence.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 22 images
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