Q1)
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Hours Worked and Amount of Sales (in dollars)
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Regression Statistics
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Multiple R
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0.9709
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R2
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0.9426
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Adjusted R2
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0.9394
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F test results
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Standard Error
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1,889
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F value
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Signif. F
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Observations
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20
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295.51
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0
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Coefficients
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Std Error
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t Stat
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P-value
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Intercept
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62,695
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1,325
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47.31
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0
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Hours Worked
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3,786
|
220
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17.19
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0
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Which of the following statements are true based on statistical output featured above?
a) Hours worked is important predictor of amount of sales.
b) About 94% of amount of sales can be described by hours worked.
c) Intercept is not important predictor of hours worked.
d) Both a and b are true.
e) Neither a, b, or c are true.