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.
The output of regression analysis is
Get Answers For Free
Most questions answered within 1 hours.