The regression of Total Revenue on Total Expenses for the concerts of Exercise 13 gives the following model:

Dependent variable is: Total Revenue R squared = 56.4% R squared (adjusted) = 55.0%

s = 24269 with 34 - 2 = 32 degrees of freedom Variable Coefficient SE(Coeff) t-ratio P-value Intercept -3688.54 9453 -0.390 0.6990 Total Expenses 0.731250 0.1137 6.43 60.0001

a) The Durbin-Watson statistic for this analysis is 0.73.

Consult Table D in Appendix B, and complete the test at a = 0.05.

b) What do you conclude from this test?