Answer the following questions using the data from Problem 14.53: a. Calculate the coefficient of determination. b.

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Answer the following questions using the data from Problem 14.53:

PSL Spending PSL Spending 1 13.52 15.9 7 38.58 21.34 19.59 37.12 1 9.22 13.31 3. 1, 3. 3.

a. Calculate the coefficient of determination.

b. Using α = 0.05, test the significance of the population coefficient of determination.

c. Construct a 95% confidence interval for the average amount spent by a customer who purchases 3 PSL drinks per week.

d. Construct a 95% prediction interval for the average amount spent by a customer who purchases 3 PSL drinks per week.

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Business Statistics

ISBN: 9780134685267

3rd Edition

Authors: Robert A. Donnelly

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Question Posted: Nov 05, 2019 05:45 AM

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Answer the following questions using the data from Problem 14.53: a. Calculate the coefficient of determination. b.

Question:

PSL Spending PSL Spending 1 13.52 15.9 7 38.58 21.34 19.59 37.12 1 9.22 13.31 3. 1, 3. 3.

Step by Step Answer:

a b H 0 2 0 H 1 2 0 0...View the full answer

Business Statistics

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