A business analyst is looking at a companys assets and sales to determine the relationship (if any)
Question:
Use the data provided to find a 95% confidence interval for the slope of the regression line and interpret your interval in context.
Transcribed Image Text:
Predictor Coeff SE(Coeff) t Ratio P-Value Intercept 1867.4 Sales 0.0230 0.0001 804.5 2.32 0.099 9.84 0.975 s= 6132.59 R-Sq= 55.7%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
Conditions Linearity condition The scatterplot shown below is ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Question Posted:
Students also viewed these Statistics questions
-
The following data were collected to determine the relationship between two processing variables and the hardness of a certain kind of steel: Fit a plane by the method of least squares, and use it to...
-
The following data was gathered to determine the relationship between pressure and temperature of a fixed volume of 1 kg nitrogen. The volume is 10 m3. Employ the ideal gas law pV = nRT to determine...
-
A firm wanted to determine the relationship between its monthly operating costs and a potential cost driver, machine hours. The output of a regression analysis performed using Excel 2007 showed the...
-
Q3: Prove: For any sets A and B, Ax B = B A ?
-
New York levies the highest cigarette tax in the country$5.85 per pack. Other states in the United States impose taxes that are much lower. The state of Virginia levies a tax of 30 cents per pack,...
-
Problem: 1 10 marks Draper Company , Ontario has the following workers data on cc code 2 for the yearly payroll ending March 31: Employee weekly Hours Worked Annual pay A 48 26000 B 4 5 24000 C 42...
-
Prepare the journal entry to record Autumn Companys issuance of 63,000 shares of no-par value common stock assuming the shares: a. Sell for $29 cash per share. b. Are exchanged for land valued at...
-
The manager of the OBrian Glass Company is planning the production of automobile windshields for the next four months. The demand for the next four months is projected to be as shown in the following...
-
Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable...
-
1. What is the appropriate Box-Jenkins model to use on the original data? 2. What are your forecasts for the first four weeks of January 1983? 3. How do these forecasts compare with actual sales? 4....
-
Based on the analysis of used car prices you did for Exercise 25, if appropriate, create a 95% confidence interval for the slope of the regression line and explain what your interval means in...
-
A consumer organization has reported test data for 50 car models. We will examine the association between the weight of the car (in thousands of pounds) and the fuel efficiency (in miles per gallon)....
-
Cyber Chemicals uses liquid nitrogen on a regular basis. Average daily demand is 178 gallons with a standard deviation of 45. Due to a substantial ordering cost, which is estimated to be $58 per...
-
Analysts and investors often use return on equity ( ROE ) to compare profitability of a company with other firms in the industry. ROE is considered a very important measure, and managers strive to...
-
Provide a brief summary of the case. Respond to the following: 1. Discuss the factors which contributed to the success of the change process in terms of unfreeze, move, and refreeze stages in force...
-
Prepare a proposal where a government agency meets with consumer groups and producers on how to address the shortages in rice, sugar, onions, and fuel, i.e. oil, gasoline and the like. Use the format...
-
Decided to embark on a personal improvement project centered around time management after reviewing the insightful workbook by Neuhauser et al. (2004). My decision was influenced by my recognition...
-
You are the Senior Manager of IAuditYou LLP, you were recently assigned to take over a very important client for the company, The engagement partner, Max Roff, has been the audit partner for the past...
-
What is a stakeholder requirement?
-
A bubble-point liquid feed is to be distilled as shown in Figure. Use the Edmister group method to estimate the mole-fraction compositions of the distillate and bottoms. Assume initial overhead and...
-
Between z = 1.96 and z = 0 Find the indicated area under the standard normal curve. If convenient, use technology to find the area.
-
There are many types of information that might help the manager of a large department store run the business more efficiently and better understand how to improve sales. Think about this in such...
-
Suppose you are the owner of a medium-sized restaurant in a small city. What are some variables associated with different aspects of the business that might be helpful to you in making business...
-
Classify each of the following as nominal, ordinal, interval or ratio data. a. The time required to produce each tire on an assembly line b. The number of quarts of milk a family drinks in a month c....
-
Los datos de la columna C tienen caracteres no imprimibles antes y despus de los datos contenidos en cada celda. En la celda G2, ingrese una frmula para eliminar cualquier carcter no imprimible de la...
-
Explain impacts of changing FIFO method to weighted average method in inventory cost valuations? Explain impacts of changing Weighted average method to FIFO method in inventory cost valuations?...
-
A perpetuity makes payments starting five years from today. The first payment is 1000 and each payment thereafter increases by k (in %) (which is less than the effective annual interest rate) per...
Study smarter with the SolutionInn App