Essay
A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to answer the following questions.
a.What is the estimated regression equation?
b.Perform a t test and determine whether or not x and y are related. Use 0.05.
c.Perform an F test and determine whether or not x and y are related. Use 0.05.
d.Find and interpret the coefficient of determination.
Correct Answer:
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a. 3.581788441 F1F1F1S...View Answer
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Correct Answer:
Verified
a.
3.581788441 F1F1F1S...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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