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Shown below is a portion of a computer output for a regression analysis relating Y (demand) and X (unit price). ANOVA Regression Error Total
Shown below is a portion of a computer output for a regression analysis relating Y (demand) and X (unit price). ANOVA Regression Error Total Intercept X df 47 SS 3132.661 8181.479 Coefficients Standard Error 80.390 -2.137 (b) Find the standard error for b, (S). 3.102 0.248 (a) Compute the coefficient of determination and fully interpret its meaning. Be very specific. (c) Perform a t test and determine whether or not demand and unit price are related. Let a 0.05. (d) Perform an F test and determine whether or not demand and unit price are related. Leta -0.05
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Essentials Of Statistics For Business And Economics
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
7th Edition
1305081595, 978-1305081598
