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A). Regression analysis was applied between sales data (in $1000s) and advertising data (in $100s), and the following information was obtained. =12+1.8 x n =17
A). Regression analysis was applied between sales data (in $1000s) and advertising data (in $100s), and the following information was obtained.
=12+1.8x | |
n=17 | |
SSR=225 | |
SSE=75 | |
=0.2683 |
Refer to Exhibit 14-3. TheFstatistic computed from the above data is _____.
B). Regression analysis was applied between sales data (in $1000s) and advertising data (in $100s), and the following information was obtained.
=12+1.8x | |
n=17 | |
SSR=225 | |
SSE=75 | |
=0.2683 |
Refer to Exhibit 14-3. Based on the above estimated regression equation, if advertising is $3,000, then the point estimate for sales (in dollars) is _____.
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