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What would you expect to be the level of Gross Sales if Advertising expenses were cut to zero? Base your answers on the following linear
What would you expect to be the level of Gross Sales if Advertising expenses were cut to zero?
Base your answers on the following linear regression output. Input your answer as an integer.
SUMMARY OUTPUT | ||||||
Regression Statistics | ||||||
Multiple R | 0.776 | |||||
R Square | 0.602 | |||||
Adjusted R Square | 0.581 | |||||
Standard Error | 585 | |||||
Observations | 21 | |||||
ANOVA | ||||||
df | SS | MS | F | Significance F | ||
Regression | 1 | 9807108 | 9807108 | 28.691 | 0.000 | |
Residual | 19 | 6494659 | 341824.1 | |||
Total | 20 | 16301767 | ||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | |
Intercept | 25992 | 260 | 100 | 0 | 25447 | 26537 |
Advertising | 0.26 | 0.05 | 5.36 | 0.00 | 0.16 | 0.36 |
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