Question

Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow....

Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow.

   Advertising expenditures: 1,2,4,6,10,14,20

Revenue: 19,33,44,,41,53,,54,55

A) Let x equal advertising expenditures and y equal revenue. Complete the estimated regression equation below (to 2 decimals).
=   +  x

B) Compute the following (to 1 decimal).

SSE
SST
SSR
MSR
MSE

C) Test whether revenue and advertising expenditures are related at a .05 level of significance.

Compute the F test statistic.

Homework Answers

Answer #1

The output of regression analysis is

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