Essay
Shown below is a portion of a computer output for a regression analysis relating Y (demand)and X (unit price).
a.Perform a t test and determine whether or not demand and unit price are related.Let = 0.05.
b.Perform an F test and determine whether or not demand and unit price are related.Let = 0.05.
c.Compute the coefficient of determination and fully interpret its meaning.Be very specific.
d.Compute the coefficient of correlation and explain the relationship between demand and unit price.
Correct Answer:

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a and b
c.R2 = 0.617...View Answer
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Correct Answer:
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c.R2 = 0.617...
View Answer
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