Short Answer
Regression Analysis
ANOVA
Regression output
A local grocery store wants to predict its daily sales in dollars. The manager believes that the amount of newspaper advertising significantly affects sales. He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars) and advertising expenditures (in thousands of dollars). The Excel/MegaStat output given above summarizes the results of the regression model.
At a significance level of .05, test the significance of the slope and state your conclusion.
Correct Answer:

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We reject H0, because
= 4.00 a...View Answer
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