A local grocery store wants to predict the daily sales in dollars. The manager believes that the amount of newspaper advertising significantly affects the store sales. The manager randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars) and advertising expenditures (in thousands of dollars) . The Excel/Mega-Stat output given below summarizes the results of fitting a simple linear regression model using this data.
Regression Analysis
ANOVA
table
-What is the value of the coefficient of determination?
A) 11.547
B) 762
C) 873
D) 6.6667
E) 1.6667
Correct Answer:
Verified
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