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Please provide complete steps/instructions to solve and answer Using Module ? Excel Assignment regression data set: the relationship between Price of Heating Oil and Quantity
Please provide complete steps/instructions to solve and answer
Using Module ? Excel Assignment regression data set: the relationship between Price of Heating Oil and Quantity Demanded of Heating Oil is: Select one: a. depends on the price range In. negative c. can not be determined d. positive Quantity Demanded of Heating Oil Income Per Household Price of Heating Oil SUMMARY OUTPUT 7.1 9 50 5.7 Regression Statistics 10 50 10.3 Multiple R 0.917239 11.8 10 R Square 0.841327 11.9 11 50 Adjusted R Square 0.826216 13.9 11 Standard Error 1.972013 5.7 11 60 Observations 24 6.6 11 11.5 12 60 ANOVA F 12.6 12 60 df SS MS Significance F 16.8 13 60 Regression 2 433.0141 216.507 55.67403463 4.0297E-09 14.4 13 60 Residual 21 81.6655 3.888833 13.2 13 70 Total 23 514.6796 9.7 13 70 16 14 70 Coefficients andard Errt t Stat P-value Lower 95% Upper 95% ower 95.0%/pper 95.0% 9.3 14 70 Intercept -2.105 2.374618 -0.88646 0.385409797 -7.0432875 2.833287 -7.04329 2.833287 19 15 70 Income Per Household 4.075 0.493003 8.265668 4.85848E-08 3.04974387 5.100256 3.049744 5.100256 21.5 15 70 Price of Heating Oil -0.57883 0.104968 -5.51436 1.79846E-05 -0.797127 7 -0.36054 -0.79713 -0.36054 11.3 15 80 15.6 15 80 15.6 16 80 15.8 16 80 21.7 17 80 20.9 17 80 Quantity Demanded of Heating Oil is the dependent variableStep by Step Solution
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