Regression Analysis
ANOVA
Regression output
A local grocery store wants to predict its daily sales in dollars. The manager believes that the amount of newspaper advertising significantly affects sales. He 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/MegaStat output given above summarizes the results of the regression model.
At a significance level of .05, test the significance of the slope and state your conclusion.

Question

Regression Analysis
  ANOVA
  Regression output
  A local grocery store wants to predict its daily sales in dollars. The manager believes that the amount of newspaper advertising significantly affects sales. He 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/MegaStat output given above summarizes the results of the regression model.
At a significance level of .05, test the significance of the slope and state your conclusion.

Quizplus · Accepted Answer

The Answer of Regression Analysis
  ANOVA
  Regression output
  A local grocery store wants to predict its daily sales in dollars. The manager believes that the amount of newspaper advertising significantly affects sales. He 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/MegaStat output given above summarizes the results of the regression model.
At a significance level of .05, test the significance of the slope and state your conclusion.

Regression Analysis ANOVA