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The CEO of a retail store has asked a researcher to estimate the annual sales revenue ($ million) from the advertising expenditure ($000), daily opening

The CEO of a retail store has asked a researcher to estimate the annual sales revenue ($ million) from the advertising expenditure ($000), daily opening times (hours) and the number of online orders per minute. EXCEL was used to create the following multiple linear regression

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SUMMARY OUTPUT Regression Statistics Multiple R 0.96 aJenbs y 0.93 Adjusted R Square 0.88 Standard Error 0.08 Observations 9 ANOVA SS MS F Significance F Regression 3 0.39 0.13 21.15 0.00 Residual 5 0.03 0.01 Total 0.42 Coefficients Standard Error t Stat P-value Lower 9596 Upper 95%% Intercept -0.52 0.15 -3.56 0.02 -0.90 -0.15 Advertising expenditure 0.01 0.00 2.76 0.04 0.00 0.02 Daily opening times 0.06 0.02 3.28 0.02 0.01 0.10 Online orders per minute 0.07 0.02 4.02 0.01 0.02 0.11

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