Question
The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses Microsoft Excel to analyze the
The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses Microsoft Excel to analyze the last 4 years of quarterly data (i.e.,n= 16) with the following results:
Regression Statistics
Multiple R 0.802
R Square 0.643
Adjusted R Square 0.618
Standard Error SYX 0.9224
Observations 16
ANOVA
df SS MS F Sig.F
Regression 1 21.497 21.497 25.27 0.000
Error 14 11.912 0.851
Total 15 33.409
Predictor CoefStdErrort Stat p-value
Intercept 3.962 1.440 2.75 0.016
Industry 0.040451 0.008048 5.03 0.000
Durbin-Watson Statistic 1.59
Referring to Scenario 13-5, the coefficient of correlation is ________.
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