Answer the following questions using the data from Problem 14.65: a. Using = 0.05, test for

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Answer the following questions using the data from Problem 14.65:

a. Using α = 0.05, test for the significance of the regression slope.

b. Construct a 95% confidence interval for the population slope.

c. What conclusions about the shelf space and sales can be drawn from these results?

d. Verify your results using Excel.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 29, 2015 03:20 AM

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Answer the following questions using the data from Problem 14.65: a. Using = 0.05, test for

Question:

Shelf Space Sales (Feet ($100) Shelf Space Sales (Feet) ($100) 9 14 12 10

Step by Step Answer:

a b b 1 25 s b 0508 df 7 t 2 2365 CI 250 23650508 25 12 LCL 13 UCL 37 c W...View the full answer

Business Statistics

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