The output of a different regression analysis on the effect of television advertising spending on sales is given below. For this study they explored only 1 type of advertising spending. They modelled it as y = ao +a,r +a1x². The table below gives the summary output of this regression analysis. Regression Analysis: Sales versus Spend Analysis of Variance Source DF MS F-Value P-Value Regression dfreg 23,825.03 MSR F-val p-val Error dferr 571.02 MSE Total 55 Find the F-value in the above table. Give your answer to 3 decimal places.
The output of a different regression analysis on the effect of television advertising spending on sales is given below. For this study they explored only 1 type of advertising spending. They modelled it as y = ao +a,r +a1x². The table below gives the summary output of this regression analysis. Regression Analysis: Sales versus Spend Analysis of Variance Source DF MS F-Value P-Value Regression dfreg 23,825.03 MSR F-val p-val Error dferr 571.02 MSE Total 55 Find the F-value in the above table. Give your answer to 3 decimal places.
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Transcribed Image Text:The output of a different regression analysis on the effect of television advertising spending on sales is given below. For this study they explored only 1
type of advertising spending. They modelled it as y = ao + a1 + a1x?. The table below gives the summary output of this regression analysis.
Regression Analysis: Sales versus Spend
Analysis of Variance
Source
DF
MS
F-Value
P-Value
Regression
d freg
23,825.03
MSR
F-val
p-val
Error
dferr
571.02
MSE
Total
55
Find the F-value in the above table. Give your answer to 3 decimal places.
Expert Solution
Step 1
In the given model there are two x variables. That is, .
The regression degrees of freedom is,
The error degrees of freedom is,
The mean squares regression is,
The mean squares error is,
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