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You may need to use the appropriate technology to answer this question. The following estimated regression equation relating sales to inventory investment and advertising expenditures
You may need to use the appropriate technology to answer this question. The following estimated regression equation relating sales to inventory investment and advertising expenditures was given. y = 28 + 14x, + 9%2 The data used to develop the model came from a survey of 10 stores; for these data, SST = 16,000 and SSR = 12,000. (a) Compute SSE, MSE, and MSR. (Round your answers to two decimal places.) SSE = 4000 MSE = 571.43 MSR = 6000 (b) Use an F test and a 0.05 level of significance to determine whether there is a relationship among the variables. State the null and alternative hypotheses. Ho: P1 = $2 Ho: B1 = B2 =0 He: One or more of the parameters is not equal to zero. Ho: B, = 0 and $2 = 0 O Hai B, = 0 and 82 = 0 OH Ho: B, = 0 and B2 = 0 Ha: One or more of the parameters is equal to zero. O Ho: B1 = B2 Find the value of the test statistic. (Round your answer to two decimal places.) F = Find the p-value. (Round your answer to three decimal places.) p-value = 0 State your conclusion. O Reject Ho. There is sufficient evidence to conclude that there is a significant relationship among the variables. Do not reject Ho. There is sufficient evidence to conclude that there is a significant relationship among the variables. Do not reject Ho. There is insufficient evidence to conclude that there is a significant relationship among the variables. O Reject Ho. There is insufficient evidence to conclude that there is a significant relationship among the variables
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