Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer the questions written down A researcher was interested in the relationship between expenditure on imports ($million) and personal income (SIS million) for residents

please answer the questions written down

image text in transcribed
A researcher was interested in the relationship between expenditure on imports ($million) and personal income (SIS million) for residents in a city. EXCEL was used to create the following simple linear regression output. Imports and Income Excel Output: SUMMARY OUTPUT Regression Statistics Multiple R 035\" R Square 0-93'5 Adjusted R Square 0.932 Standard 0.932 Error Observations 0-932 AN OVA df 55 MS F Significance Regression 1 130904.793 130904.793 263.121 3.46E-12 Residual 18 8955.157 497-509 Total 19 139859.95 Coefficients Standard t Stat P-value Lower 95% Error Intercept -260.771 32.057 -8-132 0-000 323.14 Income 0.245 0.045 15.221 0.000 0.214 a} Write down the regression equation. b) Interpret the slope. c) Interpret the coefficient of determination

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

Advanced Calculus

Authors: R Creighton Buck

3rd Edition

ISBN: 147861613X, 9781478616139

More Books

Students also viewed these Mathematics questions

Question

c. What were you expected to do when you grew up?

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago

Question

e. What do you know about your ethnic background?

Answered: 1 week ago