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