Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

The ANOVA table from the regression analysis yields the F-statistic and its p-value. The p-value of the F-ratio has to be compared with the level of significance, say 0.05. If the p-value of F is less than 0.05, then we can conclude that there is significant linear relationship between sales and newspaper advertisement.

You have been provided with the following regression output. The dependent variable is unit sales of a product, and the independent variable is dollar value of newspaper advertising for that product. The unit of analysis is weeks; that is, each of the observations in underlying sample data represents a separate week of sales and newspaper advertising.

Regression Analysis: Sales versus Newspaper
the regression equation is
Sales = 6514 + 0.0386 Newspaper

 

Predictor            

Co-eff           

SE Co-eff        

T          

P

Constant

6514

1138

5.72

0.000

Newspaper

0.038625

0.005494

7.03

0.000

 

S = 5630.70   R-Sq = 24.3%   R-Sq(adj) = 23.8%


Analysis of Variance

Source   

DF           

SS                         

MS                     

F            

P          

Regression 

1

1567134272

1567134272

49.43

0.000

Residual Error

154

4882532724

31704758

 

 

Total 

155

6449666996

 

 

 


Is there a relationship between sales and newspaper?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921054

Have any Question? 


Related Questions in Statistics and Probability

Throughout the early 1800s the influence of

Throughout the early 1800's the influence of industrialization and the repeated subjugation of Native Indians and slaves caused people to reflect on their role in society and attempt to reform elements of their daily liv ...

Regarding probability which of the following isnbspcorrecta

Regarding probability, which of the following is  correct ? a. When events  A  and  B  are mutually exclusive, then  P ( A  and  B ) =  P ( A ) +  P ( B ). b. The union of events  A  and  B  consists of all outcomes in t ...

Please explain every step to make the sum understandableit

Please explain every step to make the sum understandable. It has been hypothesized that the distribution of seasonal colds in Canada is as follows: Season          Percentage Fall                    35% Winter            ...

Generally researchers are more concerned about making a

Generally, researchers are more concerned about making a Type I error than a Type II error. Can you think of any instances in which you might be more concerned about making a Type II error?

For planning purposes the landfill in mountainview

For planning purposes. the landfill in Mountainview estimates the weight of plastic to b e1.7 pounds per household each week. You have noticed a lit of plastics in the garbage in your neighborhood and want to test the cl ...

Examine the history of american party politics from the

Examine the history of American party politics from the Great Depression through the 1990s. Trace the evolution of the major political parties, their policies, and their constituencies during this period.

Designing and writing a report on a statistical study of

Designing and Writing a Report on a Statistical Study of Your Own Select a question of your own to investigate using one of the hypothesis tests studied in this class.  Explain why you chose the particular question to in ...

Consider rolling a fair 6-faced die twice let a be the

Consider rolling a fair 6-faced die twice. Let A be the event that the sum of the two rolls is at most 6, and B be the event that the first one is an even number. (a) What is the probability that the sum of the two rolls ...

An airline company is considering a new policy of booking

An airline company is considering a new policy of booking as many as 158 persons on an airplane that can seat only 160. (Past studies have revealed that only 90% of the booked passengers actually arrive for the flight.) ...

Business quantative analysis and statistics 1project

BUSINESS QUANTATIVE ANALYSIS AND STATISTICS 1 Project Management Scenario: You are a consultant with expertise in project management strategies. Select a possible project management situation from your current or future ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen