Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SUMMARY OUTPUT Regression Statistics Multiple R 0.5221 R Square 0.2726 Adjusted R Square 0.2544 Standard Error 23473.3226 Observations 42 ANOVA df SS MS F Significance
SUMMARY OUTPUT Regression Statistics Multiple R 0.5221 R Square 0.2726 Adjusted R Square 0.2544 Standard Error 23473.3226 Observations 42 ANOVA df SS MS F Significance F Regression 1 8257966192 8257966192 14.9873 0.0004 Residual 40 22039874908 550996872.7 Total 41 30297841100 Text Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 110570.1966 8683.8377 12.7329 0.0000 93019.5059 128120.8872 93019.5059 128120.8872 Hours of Training (x) 5072.2440 1310.2017 3.8713 0.0004 2424.2276 7720.2605 2424.2276 7720.2605
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started