Questions 1-2 use the same information below. A shoe store developed an estimated regression equation relating sales (in $1000) to invent (inventory investment in $1000) and advert (advertising expenditures in $1000), based on a sample of 100 observations. Partial outputs from Excel are given below: ANOVA df SS MS F Significance F Regression 12,000 Residual Total 16,000 Coefficients Standard Error t-Stat P-value Intercept 25 invent 10 advert 8 Question 1. The estimated sales from $15,000 inventory investment and $10,000 advertising expenditure is closest to Question 2 The regression coefficient b1 = 10 is best interpreted as %3D

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Questions 1-2 use the same information below.
A shoe store developed an estimated regression equation
relating sales (in $1000) to invent (inventory investment in
$1000) and advert (advertising expenditures in $1000), based
on a sample of 100 observations. Partial outputs from Excel
are given below:
ANOVA
df SS
MS F Significance F
Regression
12,000
Residual
Total
16,000
Coefficients Standard Error t-Stat P-value
Intercept 25
invent
10
advert
8
Question 1. The estimated sales from $15,000 inventory
investment and $10,000 advertising expenditure is closest to
Question 2 The regression coefficient b1 = 10 is best
%3D
interpreted as
Transcribed Image Text:Questions 1-2 use the same information below. A shoe store developed an estimated regression equation relating sales (in $1000) to invent (inventory investment in $1000) and advert (advertising expenditures in $1000), based on a sample of 100 observations. Partial outputs from Excel are given below: ANOVA df SS MS F Significance F Regression 12,000 Residual Total 16,000 Coefficients Standard Error t-Stat P-value Intercept 25 invent 10 advert 8 Question 1. The estimated sales from $15,000 inventory investment and $10,000 advertising expenditure is closest to Question 2 The regression coefficient b1 = 10 is best %3D interpreted as
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