A marketing research company showed a sample of 100 male customers a new type of power tool.
Question:
Estimated Average Rating = 115 - 0.5 Offered Price,
with r2 = 0.67 and s= = 15
How would the estimated equation and summary statistics likely differ had the company used individual ratings rather than averages?
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Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
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