Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

In regression equation, the value of y-intercept indicates the value of Y when the value of X is zero.

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

 

 

 

 

 

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921057

Have any Question? 


Related Questions in Statistics and Probability

Letnbsp x ynbsp z and be independent gaussian random

Let  X, Y,  Z and be independent Gaussian random variables with equal means of µ =3 and variances    Estimate the mean and variance of   constructing a large number of realizations of this random variable in MATLAB and t ...

Data analysis one sample t testanti piracy law

Data Analysis: One Sample "T" Test Anti piracy law enforcement: H 0 : Anti piracy law enforcement does not influence laptop computer market in Bangladesh. H 1 : Anti piracy law enforcement influences laptop computer mark ...

Suppose x is a gamma random variable with

Suppose X is a Gamma random variable with PDF,      Find the Chernoff bound for the tail probability,

To what extent do the physical and social patterns

To what extent do the physical and social patterns associated with cities during the earlier periods of urbanization still manifest themselves in contemporary cities such as Los Angeles - i.e. to what extent does the "pa ...

Supposenbspnbspare a sequence of independent and

Suppose   are a sequence of independent and exponentially distributed random variables with Assuming that is an odd number    for some integer K ): (a) Find the PDF of the median of the sequence. (b) Find the expected va ...

Question consider the market for soybeans in smallia the

Question: Consider the market for soybeans in Smallia. The market demand is given as P = 1000 – 2Q while the market supply is given as P = 200 + 6Q. Assume that the market for soybeans in Smallia is closed to internation ...

Can someone please help me understand and answer the

Can someone please help me understand and answer the following statistical questions: 1. Suppose the random variable X is normally distributed with µ = 90 and σ2 = 16. What is the value of b such that P(X ≤ b) = 0.0062? ...

Question 1 if a study has 3 groups of 25 subjects each the

Question 1: If a study has 3 groups of 25 subjects each, the degrees of freedom are 2 and 24. a. True. b. False. Question 2: It is possible for all paired means to be statistically significant. a. True.  b. False. Questi ...

A communication system sends binary data 0 or 1 which is

A communication system sends binary data {0 or 1} which is then detected at the receiver. The receiver occasionally makes mistakes and sometimes a 0 is sent and is detected as a 1 or a 1 can be sent and detected as a 0. ...

Statistics masters levelbusiness research part

Statistics Masters Level Business Research Part 1 Introduction New Wave is an American telecommunications company that provides wireless services. It is a new wireless network operator in the United States and currently ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate