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Consider the following monthly revenue data for an up-and-comingtechnology company. Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars) 11 325325 99 797797 22

Consider the following monthly revenue data for an up-and-comingtechnology company.

Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars)

11

325325

99

797797

22

547547

1010

819819

33

539539

1111

831831

44

580580

1212

848848

55

640640

1313

860860

66

699699

1414

863863

77

697697

1515

859859

88

708708

The summary output from a regression analysis of the data is also provided.

Multiple R

0.9354095720.935409572

R Square

0.8749910670.874991067

Adjusted R Square

0.8653749950.865374995

Standard Error

57.7879539357.78795393

Observations

1515

dfdf

SSSS

MSMS

FF

Regression

11

303,864.914286303,864.914286

303,864.914286303,864.914286

90.9925679290.99256792

Residual

1313

43,412.81904843,412.819048

3339.4476193339.447619

Total

1414

347,277.733333347,277.733333

Coefficients Standard Error

tt Stat

P-value
Intercept

443.92380952443.92380952

31.3995565931.39955659

14.1379005914.13790059

2.85887E-092.85887E-09

Month

32.9428571432.94285714

3.453490793.45349079

9.5390024599.539002459

3.10231E-073.10231E-07

Step3of3:

What percent of the variation in revenue is explained by the linear time trend model? Round to two decimal places, if necessary.

Answer: %

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