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A study on the sales (Y=no. of units sold) and the price X in pesos) showed the following result: SUMMARY OUTPUT Regression Statistics Multiple R
A study on the sales (Y=no. of units sold) and the price X in pesos) showed the following result: SUMMARY OUTPUT Regression Statistics Multiple R 0.7727 R Square 0.5971 Adjusted R Square 0.870626578 Standard Error 1.086529053 Observations 20 ANOVA Regression Residual Total SS MS F significance F 1 152.1271 152.1271 128.8617 1.2273E-09 18 21.24982 1.180545 19 173.3769 Intercept Price Coefficients SE Stat P-value Lower 95% 2259 1.593473 46.61723 3.17E-20 70.9355509 -1418 1.316758 11.35173 1.23E-09 12.1810733 According to this model, how many units will be sold, on the average, when the price of the item is Php1.10? 3902.9 1066.9 699.2 3818.8
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