Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the value of the t-statistic A marketing analyst is studying the relationship between x = money spent on television advertising and y = increase

Find the value of the t-statistic

image text in transcribed
A marketing analyst is studying the relationship between x = money spent on television advertising and y = increase in sales. One study reported the following data (in dollars) for a particular company. X 380 645 360 900 540 670 820 1,050 760 800 550 780 530 1,200 620 800 910 1,400 830 905 Using a statistical software package, one reports the regression analysis results. Summary Output Regression Statistics Multiple R 0.9522 R Square 0.9067 Adjusted R Square 0.8951 Observations 10 ANOVA df SS MS F p-value Regression 620,817.3133 620,817.3133 77.7903 0.0000 Error 1 00 - 63,845.1867 7,980.6483 Total 684,662.5 Standard Coefficients Error t Stat p-value Intercept 27.5431 97.7069 0.2819 0.7852 X 1.1913 0.1351 8.8199 0.0000 Suppose we wish to test the hypotheses Ho : B1 = 0 Ha : B1 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra And Trigonometry

Authors: Ron Larson

9th Edition

1285605705, 9781285605708

More Books

Students also viewed these Mathematics questions