Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Interpreting the multiple regression analysis for the given MINITAB output

The district manager of Jasons, a large discount electronics chain, is investigating why certain stores in her region are performing better than others. She believes that 3 factors are related to total sales: the number of competitors in the region, the population in the surrounding area, and amount spent on advertising. From her district, consisting of several hundred stores, she selects a random sample of 30 stores. For each store she gathered the following information.

 

Y =

total sales last year (in $ thousands).

X1 =

number of competitors in the region.

X2 =

population of the region (in millions).

X3 =

advertising expense (in $ thousands).

 

The sample data were run on MINITAB, with the following results.

Analysis of variance

SOURCE

DF

SS

MS

Regression

3

3050.00

1016.67

Error

26

2200.00

84.62

Total

29

5250.00

Â

Predictor

Coef

StDev

t-ratio

Constant

14.00

7.00

2.00

X 1

-1.00

0.70

-1.43

X 2

30.00

5.20

5.77

X 3

0.20

0.08

 

 

a)    What are the estimated sales for the Bryne store, which has 4 competitors, a regional population of 0.4 (400,000), and advertising expense of 30 ($30,000)?

b)     find out the R2 value.

c)      find out the multiple standard error of estimate.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M918087

Have any Question? 


Related Questions in Statistics and Probability

If 2 of the calls received by schools switchboard are wrong

If 2% of the calls received by schools switchboard are wrong numbers. Find the probability that among 210 calls received by schools switchboard, 4 will be wrong numbers. a). Determine in this case whether the conditions ...

Assignmentstatistical analysisdirections be sure to save an

ASSIGNMENT Statistical Analysis Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to us ...

Two pollsters are conducting surveys to estimate the

Two pollsters are conducting surveys to estimate the proportion of Clarkston, Michigan citizens who support a bond issue to build a sports stadium. Both pollsters use the same methods; however, their sample sizes differ. ...

The borda and condorcet methods- the following example was

The Borda and Condorcet Methods :- The following example was presented by Condorcet, in a critique of the Borda Method. A committee composed of 81 members is to choose a winner from among three candidates, A, B, and C. T ...

Please read below i need help right away i have posed this

Please read below. I need help right away. I have posed this problem in three different ways an the only consistant answer I get is instructing me to go pay money to another site. PLEASE HELP! Inferential Research and St ...

A real number x is randomly chosen from the interval 010

A real number X is randomly chosen from the interval [0,10], dividing the interval into a left and a right side. Find the probability that the left side is at least four times as big as the right.

Determine the power for the following test of hypothesis h0

Determine the power for the following test of hypothesis. H0 : μ = 950 vs. H1 : μ ≠ 950, given that μ = 1,000, α = 0.10, σ = 200, and n = 25.

Imagine that you want to know whether the sat is biased

Imagine that you want to know whether the SAT is biased against Group X and in favor of Group Y. You administer the SAT to members of the two groups; then, 4 years later, you examine the correlations between SAT scores a ...

Reading journal assignment stage iifor this portion of the

Reading Journal Assignment Stage II For this portion of the journal, you will create five journal entries, each addressing the prompts given below. Each entry will be one page in length, double spaced, with 12 point font ...

1 how many conditions are there in the simplest possible

1. How many conditions are there in the simplest possible experiment? 2. Describe how participants are assigned to conditions in randomized groups, matched-subjects, and repeated measures experimental designs. 3. What ar ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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