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What does comment of its' significance mean? (d) Estimate the simple regression equation showing how a CEO's compensation is determined by the sales revenue of
What does comment of its' significance mean?
(d) Estimate the simple regression equation showing how a CEO's compensation is determined by the sales revenue of the company. Interpret this equation and comment on its significance. Make sure to paste your Excel outputs below. (6 marks) SUMMARY OUTPUT Regression Statistics Multiple R 0.905012659 R Square 0.819047913 Adjusted A Square 0.812585399 Standard Error 98.58920852 Observations 30 ANOVA dif MS F anificance F Regression 1 1251863.263 1251863.263 126.7370937 6.6E-12 Residual 28 272155.297 9719.832037 Total 29 1504018.56 Coefficients Standard Error t Stat P-value Lower 95% Upper 95%ower 95.Olipper 95.0% Intercept 370.8830239 22.53556253 16.606681 4.99511E-16 525.135 416.631 525.135 416.631 R (in Sm) 0.400985193 0.035618569 11.25775704 6.61568E-12 0.32802 0.47395 0.32802 0.47395Step by Step Solution
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