Homework Help is Here – Start Your Trial Now!
Math
Statistics
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
See similar textbooks
icon
Related questions
Question

18

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 R Square 0.7727 0.5971 Adjusted R Square Standard Error 0.870626578 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 Coefficients SE t Stat P-value Lower 95% Intercept 2259 1.593473 46.61723 3.17E-20 70.9355509 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 R Square 0.7727 0.5971 Adjusted R Square Standard Error 0.870626578 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 Coefficients SE t Stat P-value Lower 95% Intercept 2259 1.593473 46.61723 3.17E-20 70.9355509 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

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS