Question
Tim Zhang, market analyst for City National Bank, is analyzing the relation between heavy metal DVD sales and the size of the teenage population. He
Tim Zhang, market analyst for City National Bank, is analyzing the relation between heavy metal DVD sales and the size of the teenage population. He gathers data from six sales districts. Tim's dependent variable is annual heavy metal DVD sales (in $1,000,000's), and his independent variable is teenage population (in 1,000's). Regression analysis of the data yielded the following tables.
Coefficients
Standard Error
tStatistic
p-value
Intercept
-0.14156
0.292143
-0.48455
0.653331
x
0.105195
0.013231
7.950352
0.001356
Source
df
SS
MS
F
s.e. = 0.237
Regression
1
3.550325
3.550325
63.20809
r2= 0.940483
Residual
4
0.224675
0.056169
Total
5
3.775
For a sales district with 20,000 teenagers, Tim's model predicts annual DVD sales of________________.
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