Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

use SAS or minitab for this information a, to predict the sale volume when x1 = 20000, x2 = 1.7, x3 = 500 b, to

use SAS or minitab for this information

image text in transcribed

a, to predict the sale volume when x1 = 20000, x2 = 1.7, x3 = 500

b, to construct the 95% prediction interval for the sale volume when x1 = 20000, x2 = 1.7, x3 = 500

c, check whether the predictor x is needed by using a partial F test

TABLE 4.12 (for Exercise 4.11) Crest Toothpaste Sales Data U.S. Personal Disposable Income, X3 Year Crest Sales, y Ratio, X2 Crest Budget, X1 547.9 1967 105,000 16,300 1.25 1968 593.4 105,000 15,800 1.34 1969 121,600 16,000 1.22 638.9 1970 113,750 14,200 1.00 695.3 1971 113,750 15,000 1.15 751.8 1972 14,000 1.13 810.3 1973 128,925 142,500 126,000 15,400 1.05 914.5 1974 18,250 1.27 998.3 1975 162,000 17,300 1.07 1096.1 1976 191,625 23,000 1.17 1194.4 1977 189,000 19,300 1.07 1311.5 1978 210,000 23,056 1.54 1462.9 1979 224,250 26,000 1.59 1641.7 Source: C. I. Allmon, "Advertising and Sales Relationships for Toothpaste: Another Look," Business Economics (September 1982), pp. 17, 58. Reprinted by permission. Copyright 1982 National Association for Business Economics

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For School Administrators Tools For School

Authors: Ronald E. Everett, Donald R. Johnson, Bernard W. Madden

3rd Edition

1610487710, 978-1610487719

More Books

Students also viewed these Accounting questions

Question

14.5 Describe how accidents at work can be prevented.

Answered: 1 week ago