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2. an analyst for a large corporation wants to determine if there is a regression relationship between sales (dependent variable) and advertising expenditure. there is
2. an analyst for a large corporation wants to determine if there is a regression relationship between sales (dependent variable) and advertising expenditure. there is data from 9 years which you tabulate as follows:
Year | Advertising (millions of $) | Sales (millions of $) |
1 | 4 | 41 |
2 | 6 | 43 |
3 | 10 | 45 |
4 | 12 | 47 |
5 | 14 | 49 |
6 | 17 | 54 |
7 | 21 | 59 |
8 | 23 | 61 |
9 | 26 | 64 |
a) Do a linear regression analysis by hand.
b) Use an F-test to determine whether your regression is significant for alpha = 0.05 Do by hand.
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