A regression model relating x, number of salespersons at a branch office, to y, annual sales at the office (in thousands of dollars) provided the following regression output. Where ntotal = 40. ANOVA df MS F Significance F Regression 6,759.5 Residual Total 9,031.4 Coefficients Standard Error t Stat P-value Intercept 75.0 10.408 Number of 40.0 5.323 Salespersons a. Write the estimated regression equation (to whole number). + b. Compute the F statistic and test the significance of the relationship at a 0.05 level of significance. (to 2 decimals) F-value p-value is Select your answer - we Select your answer - v Ho c. Compute thet statistic and test the significance of the relationship at a 0.05 level of significance. (to 2 decimals) t Stat p-value is Select your answer - , we Select your answer - v Ho: B,

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3SE: What is regression analysis? Describe the process of performing regression analysis on a graphing...
icon
Related questions
icon
Concept explainers
Question
A regression model relating x, number of salespersons at a branch office, to y, annual sales at the office (in thousands of dollars) provided the following
regression output. Where ntotal =
40.
ANOVA
df
SS
MS
F
Significance F
Regression
6,759.5
Residual
Total
9,031.4
Coefficients
Standard Error
t Stat
P-value
Intercept
75.0
10.408
Number of
40.0
5.323
Salespersons
a. Write the estimated regression equation (to whole number).
ŷ =
+
b. Compute the F statistic and test the significance of the relationship at a 0.05 level of significance. (to 2 decimals)
F-value
p-value is
- Select your answer -
we
- Select your answer -
v Ho
c. Compute the t statistic and test the significance of the relationship at a 0.05 level of significance. (to 2 decimals)
t Stat
p-value is
- Select your answer -
we
- Select your answer - v Ho: B,
d. Predict the annual sales at the Memphis branch office. This branch employs 10 salespersons.
$
thousand (to whole number)
%24
Transcribed Image Text:A regression model relating x, number of salespersons at a branch office, to y, annual sales at the office (in thousands of dollars) provided the following regression output. Where ntotal = 40. ANOVA df SS MS F Significance F Regression 6,759.5 Residual Total 9,031.4 Coefficients Standard Error t Stat P-value Intercept 75.0 10.408 Number of 40.0 5.323 Salespersons a. Write the estimated regression equation (to whole number). ŷ = + b. Compute the F statistic and test the significance of the relationship at a 0.05 level of significance. (to 2 decimals) F-value p-value is - Select your answer - we - Select your answer - v Ho c. Compute the t statistic and test the significance of the relationship at a 0.05 level of significance. (to 2 decimals) t Stat p-value is - Select your answer - we - Select your answer - v Ho: B, d. Predict the annual sales at the Memphis branch office. This branch employs 10 salespersons. $ thousand (to whole number) %24
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill