Question
Is there evidence of a positive linear relationship between price and lot size? Use alpha =.1. Regression Equation Price = 670 +33.4LotSize Coefficients Term Coef
Is there evidence of a positive linear relationship between price and lot size? Use alpha =.1.
Regression Equation
Price | = | 670 +33.4LotSize |
Coefficients
Term | Coef | SE Coef | T-Value | P-Value | VIF |
Constant | 670 | 160 | 4.19 | 0.001 | |
Lot Size | 33.4 | 23.1 | 1.45 | 0.172 | 1.00 |
Model Summary
S | R-sq | R-sq(adj) | R-sq(pred) |
203.171 | 13.87% | 7.24% | 0.00% |
Analysis of Variance
Source | DF | Adj SS | Adj MS | F-Value | P-Value |
Regression | 1 | 86403 | 86403 | 2.09 | 0.172 |
Error | 13 | 536621 | 41279 | ||
Total | 14 | 623024 |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
