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The proportion of the variability in sales accounted for by the price of the product is

The proportion of the variability in sales accounted for by the price of the product is

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A study on the sales (Y=no. of units sold) and the price (X, in pesos) showed the following result: SUMMARY OUTPUT Regression Statistics Multiple R 0.7727 R Square Adjusted R Square 0.5971 0.870626578 Standard Error 1.086529053 Observations 20 ANOVA Significance F 1 152.1271 152.1271 128.8617 1.2273E-09 df MS F Regression Residual 18 21.24982 1.180545 Total 19 173.3769 P-value Lower 95% L 2259 1.593473 46.61723 3.17E-20 70.9355509 Coefficients SE t Stat Intercept Price -1418 1.316758 11.35173 1.23E-09 12.1810733 The proportion of the variability in sales accounted for by the price of the product is O 22.59% 59.71% O 14.18% 100%
Transcribed Image Text:A study on the sales (Y=no. of units sold) and the price (X, in pesos) showed the following result: SUMMARY OUTPUT Regression Statistics Multiple R 0.7727 R Square Adjusted R Square 0.5971 0.870626578 Standard Error 1.086529053 Observations 20 ANOVA Significance F 1 152.1271 152.1271 128.8617 1.2273E-09 df MS F Regression Residual 18 21.24982 1.180545 Total 19 173.3769 P-value Lower 95% L 2259 1.593473 46.61723 3.17E-20 70.9355509 Coefficients SE t Stat Intercept Price -1418 1.316758 11.35173 1.23E-09 12.1810733 The proportion of the variability in sales accounted for by the price of the product is O 22.59% 59.71% O 14.18% 100%
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