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
icon
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%
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%
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill