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 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 statistic (to 2 decimals).

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