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Q.6. Chapter 13. A company is trying to estimate the linear relationship between its total revenue per month (in thousands of dollars) and the number

Q.6. Chapter 13. A company is trying to estimate the linear relationship between its total revenue per month (in thousands of dollars) and the number of advertisements they place on the radio every month. They have data from the past year, and it is shown in the following table.

Months

Revenue (in $1,000s)

Advertisements

Jan

8.30

21

Feb

22.70

180

Mar

13.40

50

Apr

21.10

195

May

15.00

96

Jun

12.50

44

Jul

20.70

171

Aug

19.72

135

Sep

16.12

120

Oct

13.10

75

Nov

15.67

106

Dec

25.30

198

Run a regression analysis using the Revenues as the dependent variable and the number of advertisements as the independent variable and fill in the blanks below (round to 3 spaces after decimal point):

SUMMARY OUTPUT

Regression Statistics

Multiple R

0.966

R Square

?

Adjusted R Square

0.927

Standard Error

1.340

Observations

12

ANOVA

df

SS

MS

F

Significance F

Regression

1

?

251.954

?

0.000

Residual

10

17.965

?

Total

11

269.919

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Intercept

?

0.858

9.216

0.000

5.993

9.815

Advertisements

?

0.007

11.843

0.000

0.063

0.093

The boxes with question marks above are the blanks that need to be filled in.

If the company plans to air 100 radio advertisements next month, their expected revenue would be__________ $ (in $1,000s)

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