QUESTION 6 SUMMARY OUTPUT Multiple R R-Square Adjusted R-Square Standard Error Observations ANOVA Regression Residual Total Regression Statistics df C 48 50 SS 747851.57 792391.11 Coefficients D E -6.68 9.73 MS 373925.79 927.91 Standard Error 0.971 A B 62.13 30.462 51 F 402.98 t Stat P-Value Intercept 26.79 1.60E-30 Price of Roses FI -1.41 1.64E-01 Disposable Income 0.34 G 1.23E-31 9.04 10.42 (M) Determine the intercept coefficient (point E) and whether that estimate is statistically significant at the 5 percent level. 1,664.46 and statistically insignificant since the P-value is less than 5 percent. Significance F 9.89E-31 Lower 95% Upper 95% 1539.66 1789.51 -16.16 2.81 2.32 and statistically significant since the t-statistic is greater than 2 in absolute value. 2.32 and statistically insignificant since the t-statistic is less than 2 in absolute value. 1,664.46 and statistically significant since the P-value is less than 5 percent. QUESTION 8 SUMMARY OUTPUT Multiple R R-Square Adjusted R-Square Standard Error Observations ANOVA Regression Residual Total Regression Statistics df SS C 747851.57 48 50 D 792391.11 Coefficients Standard Error MS 373925.79 927.91 0.971 62.13 F A B 30.462 51 F 402.98 t Stat P.Value Intercept E 1.60E-30 26.79 -1.41 1.64E-01 Price of Roses -6.68 Disposable Income 9.73 0.34 G 1.23E-31 9.04 10.42 (M) Determine the t-statistic of the estimated slope coefficient for disposable income (point G) and whether that estimated slope coefficient is statistically significant at the 5 percent level. O 3.31 and statistically significant since the t-statistic is greater than 2 in absolute value. O 0.03 and statistically insignificant since the t-statistic is less than 2 in absolute value. Significance F 9.89E-31 Lower 95% Upper 95% 1539.66 1789.51 -16.16 2.81 3.31 and statistically insignificant since the P-value is less than 5 percent. 28.62 and statistically significant since the P-value is less than 5 percent.