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
-In testing the simple linear regression equation for significance at a significance level of 0.05,what is the critical value for the F test?
A) 16.26
B) 10.01
C) 6.61
D) 230.2
E) 5.79
Correct Answer:
Verified
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