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Shown Below Is a Portion of a Computer Output for a Regression

Question 36

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Shown below is a portion of a computer output for a regression analysis relating Y (demand) and X (unit price).
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 \alpha = 0.05. b.Perform an F test and determine whether or not demand and unit price are related. Let \alpha = 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.
a.Perform a t test and determine whether or not demand and unit price are related. Let α\alpha = 0.05.
b.Perform an F test and determine whether or not demand and unit price are related. Let α\alpha = 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.

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a and b
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c.R2 = 0.617; 61...

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