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

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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 Revenue 1 20 2 32 4 44 6 40 10 53 14 54 20 55 a. Let  equal advertising expenditures and  equal revenue. Complete the estimated regression equation below (to 2 decimals). y= (___) + (___)x b. Test whether revenue and advertising expenditures are related at a  level of significance. Compute the following (to 2 decimals). SSE SST SSR MSR MSE Compute the F test...
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 Revenue 1 19 2 33 4 45 6 41 10 53 14 54 20 55 Let x equal advertising expenditures and y equal revenue. Complete the estimated regression equation below (to 2 decimals). =  +  x Compute the following (to 1 decimal). SSE SST SSR MSR MSE Test whether revenue and advertising expenditures are related at a .05 level of significance. Compute the F...
The data is given as follow. Excel File: data14-17.xlsx Xi 2      6          9          13        20 Yi..
The data is given as follow. Excel File: data14-17.xlsx Xi 2      6          9          13        20 Yi 7      18        9          26        23 The estimated regression equation for these data is y= 7.6+.9x. Compute SSE, SST, and SSR (to 1 decimal). SSE SST SSR What percentage of the total sum of squares can be accounted for by the estimated regression equation (to 1 decimal)? ---------% What is the value of the sample correlation coefficient (to 3 decimals)? ----------
The following data describes weekly gross revenue, television advertising, and newspaper advertising for Showtime Movie Theaters....
The following data describes weekly gross revenue, television advertising, and newspaper advertising for Showtime Movie Theaters. Weekly Gross Revenue ($1000s) Televison Advertising ($1000s) Newspaper Advertising ($1000s) 96 5 1.5 90 2 2 95 4 1.5 92 2.5 2.5 95 3 3.3 94 3.5 2.3 94 2.5 4.2 94 3 2.5 1. Find an estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures (Round to 2 decimals). where   = Television Advertising ($1000s) and   = Newspaper Advertising ($1000s)....
You may need to use the appropriate technology to answer this question. The following estimated regression...
You may need to use the appropriate technology to answer this question. The following estimated regression equation based on 10 observations was presented. ŷ = 25.1670 + 0.5102x1 + 0.4960x2 Here, SST = 6,734.125, SSR = 6,227.375,  sb1 = 0.0813,  and  sb2 = 0.0567. (a)Compute MSR and MSE. (Round your answers to three decimal places.) MSR= MSE= b) Compute F and perform the appropriate F test. Use α = 0.05. Find the value of the test statistic. (Round your answer to two decimal...
You may need to use the appropriate technology to answer this question. The following estimated regression...
You may need to use the appropriate technology to answer this question. The following estimated regression equation based on 10 observations was presented. ŷ = 23.1570 + 0.5303x1 + 0.4920x2 Here, SST = 6,736.125, SSR = 6,228.375, sb1 = 0.0815, and sb2 = 0.0567. (a) Compute MSR and MSE. (Round your answers to three decimal places.) MSR= MSE= (b) Compute F and perform the appropriate F test. Use α = 0.05. Find the value of the test statistic. (Round your...
The following data show the brand, price ( $ ) and the overall score for 6...
The following data show the brand, price ( $ ) and the overall score for 6 stereo headphones that were tested by Consumer Reports. The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from 0 (lowest) to 100 ( highest) The estimated regression equation for these data is y-hat = 25.147 + 0.299x , where x = price ( $ ) and y = overall score. Brand Price Score Bose 180 75 Scullcandy...
Marketing date on sales is presented for youtube. data are the advertising budget in thousands of...
Marketing date on sales is presented for youtube. data are the advertising budget in thousands of dollars along with the sales. The experiment has been repeated 200 times with different budgets and the observed sales have been recorded. The simple linear regression model was fitted: ## ## Call: ## lm(formula = sales ~ youtube, data = marketing) ## ## Residuals: ## Min 1Q Median 3Q Max ## -10.06 -2.35 -0.23 2.48 8.65 ## ## Coefficients: ## Estimate Std. Error t...
Given are five observations for two variables, x and y . xi 1 2 3 4...
Given are five observations for two variables, x and y . xi 1 2 3 4 5 yi 53 58 47 21 11 Use the estimated regression equation is y-hat = 78.01 - 3.08x A.) Compute the mean square error using equation. s^2 = MSE = SSE / n -2 [     ]   (to 2 decimals) B.) Compute the standard error of the estimate using equation s = sqrtMSE = sqrt SSE / n - 2 [      ] (to 2 decimals)...
1, As a result of running a simple regression on a data set, the following estimated...
1, As a result of running a simple regression on a data set, the following estimated regression equation was obtained:       = 1.6 − 3.0x Furthermore, it is known that SSR = 674, and SSE = 128. Calculate the correlation coefficient R ; round your answer to three decimal places. 2. A sample of data with n = 22 observations is used to run a multiple regression with 8 independent variables. If this data set has SST = 2309.1068 and SSE...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT