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How much of the variation in Gross Sales can be explained by variation in Advertising expenditures? Base your answers on the following linear regression output.
How much of the variation in Gross Sales can be explained by variation in Advertising expenditures?
Base your answers on the following linear regression output. Enter percentage as an integer so 45.3% would just be 45.
SUMMARY OUTPUT | ||||||
Regression Statistics | ||||||
Multiple R | 0.776 | |||||
R Square | 0.602 | |||||
Adjusted R Square | 0.581 | |||||
Standard Error | 585 | |||||
Observations | 21 | |||||
ANOVA | ||||||
df | SS | MS | F | Significance F | ||
Regression | 1 | 9807108 | 9807108 | 28.691 | 0.000 | |
Residual | 19 | 6494659 | 341824.1 | |||
Total | 20 | 16301767 | ||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | |
Intercept | 25992 | 260 | 100 | 0 | 25447 | 26537 |
Advertising | 0.26 | 0.05 | 5.36 | 0.00 | 0.16 | 0.36 |
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