Ask Question, Ask an Expert


Ask Statistics and Probability Expert

Confidence Interval for the Expected value.

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
















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

Analysis of Variance


      D F

           S S                      

        M S                        









Residual Error












1. How much would sales increase if Newspaper spending increases by 1?, 1000?

2. How much variability would you have if you predict sales with this model?

3. What would be your best point estimate for average Sales in weeks for which Newspaper advertising were $1 million? What would be an appropriate interval estimate for this? (Use 95% limits.)

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921062

Have any Question? 

Related Questions in Statistics and Probability

Suppose we obtain a random sample of 80 champaign voters of

Suppose we obtain a random sample of 80 Champaign voters, of which 55 support marijuana legalization. We also obtain a random sample of 100 Urbana voters, of which 75 support marijuana legalization. Let pC be the true pr ...

A clinical trial is being planned to investigate the effect

A clinical trial is being planned to investigate the effect of a new experimental drug designed to reduce total serum cholesterol. Investigators will enroll participants with total cholesterol levels between 200-240, the ...

Please show the work to make it understandablea large

Please show the work to make it understandable A large company is interested in knowing whether there is any relationship between a person's age and that person's opinion about a new wage incentive plan. A random sample ...

Subway footlongs are supposed to be 12 inches long you

Subway footlongs are supposed to be 12 inches long. You strongly suspect that Subway is up to its old tricks and is reducing the size of its delicious sandwiches. For your research, you randomly sample Subways and eat 10 ...

Problem 1somewhere in the milky way galaxy a class of 2000

Problem 1 Somewhere in the Milky Way Galaxy, a class of 2,000 students took a course in Astronomy.  The first exam scores and the final exam percentage reached earth, but transmission broke off after only a dozen student ...

A repeated-measures experiment comparing only two

A repeated-measures experiment comparing only two treatments can be evaluated with either a t statistic or an ANOVA. As we found with the independent-measures design, the t test and the ANOVA produce equivalent conclusio ...

Packages of sugar bags for sweeter sugar inc have an

Packages of sugar bags for Sweeter Sugar Inc. have an average weight of 10 ounces and a standard deviation of 0.2 ounces. The weights of the sugar bags are normally distributed. What is the probability that 16 randomly s ...

Statistics paperthe final paper provides you with an

STATISTICS Paper The Final Paper provides you with an opportunity to integrate and reflect on what you have learned during the class. The question to address is: "What have you learned about statistics?" In developing yo ...

44nbspof a certain countrys voters think that it is too

44% of a certain country's voters think that it is too easy to vote in their country. You randomly select 12 likely voters. Find the probability that the number of likely voters who think that it is too easy to vote is ( ...

Statistics assignmentquestions address all of the following

Statistics Assignment Questions: Address all of the following questions in a brief but thorough manner. • What are the most common measures of central tendency? Include brief definitions for the common measures of centra ...

  • 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