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
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
Related questions
Question
38
![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%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ade8e7c-5d6d-41a0-98ad-e5d26760de35%2F2195ac10-04c0-4d81-9efe-a3b63bd81803%2Fty8xxyp_processed.png&w=3840&q=75)
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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