Solved

Use the Following Information for Problems
Sales Figures (Number 1 s1 \mathrm {~s}

Question 11

Essay

Use the following information for problems
Sales figures (number of units), selling price and amount spent on advertising (as a percentage of total advertising expenditure in the previous quarter) for the popular Sony Bravia Television were obtained for last quarter from a sample of 30 different stores. The results of a multiple regression are presented below. Dependent Variable 1 s1 \mathrm {~s} Sales
 Predictor  Coef  sE Coef  T  P  Constant 90.1925.083.600.001 Price =0.030550.010053.040.005 Advertising 3.09260.36808.400.000\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { sE Coef } & \text { T } & \text { P } \\ \text { Constant } & 90.19 & 25.08 & 3.60 & 0.001 \\ \text { Price } & = 0.03055 & 0.01005 & - 3.04 & 0.005 \\ \text { Advertising } & 3.0926 & 0.3680 & 8.40 & 0.000 \end{array}
S=10.6075RSq=84.4RSq(adj)=83.3÷76S = 10.6075 \quad R - S q = 84.4 \leqslant \quad R - S q ( a d j ) = 83.3 \div \frac { 7 } { 6 }
Analyaia of Variance
 Source  DF  SS  MS  Regresgion 216477.38238.7 Residual Error 273038.0112.5 Total 2919515.4\begin{array} { l r r r } \text { Source } & \text { DF } & \text { SS } & \text { MS } \\ \text { Regresgion } & 2 & 16477.3 & 8238.7 \\ \text { Residual Error } & 27 & 3038.0 & 112.5 \\ \text { Total } & 29 & 19515.4 & \end{array}
 Use the following information for problems  Sales figures (number of units), selling price and amount spent on advertising (as a percentage of total advertising expenditure in the previous quarter) for the popular Sony Bravia Television were obtained for last quarter from a sample of 30 different stores. The results of a multiple regression are presented below. Dependent Variable  1 \mathrm {~s}  Sales  \begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { sE Coef } & \text { T } & \text { P } \\ \text { Constant } & 90.19 & 25.08 & 3.60 & 0.001 \\ \text { Price } & = 0.03055 & 0.01005 & - 3.04 & 0.005 \\ \text { Advertising } & 3.0926 & 0.3680 & 8.40 & 0.000 \end{array}   S = 10.6075 \quad R - S q = 84.4 \leqslant \quad R - S q ( a d j ) = 83.3 \div \frac { 7 } { 6 }  Analyaia of Variance  \begin{array} { l r r r } \text { Source } & \text { DF } & \text { SS } & \text { MS } \\ \text { Regresgion } & 2 & 16477.3 & 8238.7 \\ \text { Residual Error } & 27 & 3038.0 & 112.5 \\ \text { Total } & 29 & 19515.4 & \end{array}     -Use the F-test to determine whether the slope coefficients are significantly different from 0. Write the null and alternative hypotheses and calculate the F-statistic.

-Use the F-test to determine whether the slope coefficients are significantly different
from 0. Write the null and alternative hypotheses and calculate the F-statistic.

Correct Answer:

verifed

Verified

None...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents