Shown below is a portion of a computer output for a regression analysis relating supply (y in thousands of units) and unit price (x in thousands of dollars). ANOVA Regression Residual Intercept X df 1 39 Coefficients 54.076 0.029 SS 354.689 7035.262 Standard Error 2.358 0.021 a. Calculate the t statistic. Let a = .05.Type in your t statistic to 3 decimals: Do you Reject or Fail to Reject the Null Hypothesis? Type in Reject or Fail to Reject: b. Calculate your Fisher statistic and round to 3 decimals: c. Compute the coefficient of determination Round to 3 decimals: d. Compute the coefficient of correlation Round to 3 decimals: e. Predict the supply (in units) when the unit price is $50,000.:
Shown below is a portion of a computer output for a regression analysis relating supply (y in thousands of units) and unit price (x in thousands of dollars). ANOVA Regression Residual Intercept X df 1 39 Coefficients 54.076 0.029 SS 354.689 7035.262 Standard Error 2.358 0.021 a. Calculate the t statistic. Let a = .05.Type in your t statistic to 3 decimals: Do you Reject or Fail to Reject the Null Hypothesis? Type in Reject or Fail to Reject: b. Calculate your Fisher statistic and round to 3 decimals: c. Compute the coefficient of determination Round to 3 decimals: d. Compute the coefficient of correlation Round to 3 decimals: e. Predict the supply (in units) when the unit price is $50,000.:
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

Transcribed Image Text:Shown below is a portion of a computer output for a regression analysis relating supply (y in
thousands of units) and unit price (x in thousands of dollars).
ANOVA
Regression
Residual
Intercept
X
df
1
39
Coefficients
54.076
0.029
SS
354.689
7035.262
Standard Error
2.358
0.021
a. Calculate the t statistic. Let a = .05.Type in your t statistic to 3 decimals:
Do you Reject or Fail to Reject the Null Hypothesis? Type in Reject or Fail to Reject:
b. Calculate your Fisher statistic and round to 3 decimals:
c. Compute the coefficient of determination Round to 3 decimals:
d. Compute the coefficient of correlation Round to 3 decimals:
e. Predict the supply (in units) when the unit price is $50,000.:
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