What percentage of the variation in Sales is explained by Experience?
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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Transcribed Image Text:Here is the Excel output for the regression of Sales and Experience:
Regression Statistics
0.5966
0.3559
Multiple R
R Square
Adjusted R
Square
Standard Error
Observations 40
ANOVA
Regression
Residual
Total
Intercept
Experience
(months)
0.339
497.9058
df
1
38
39
Coefficients
MS
5205388.04 5205388.04
247910.15
6.6108
SS
Standard
Error
4250.9742 180.2332 23.586
9420585.51
14625973.55
1.4427
t Stat
4.5822
P-value
2.71E-24
4.85E-05
What percentage of the variation in Sales is explained by Experience?
F
20.9971
Lower 95% Upper 95%
3886.1113
Significance F
4.85E-05
3.6902
4615.8372
9.5313

Transcribed Image Text:O 59.66%
O 35.59
O 33.9%
O .3559%
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