nterpret data visualization consisting of such tools as time series plots, box plots, and scatter charts using the following data sets.  Scatter charts (X versus Y) – Analyze two different and distinct relationships: C22 (X, monthly advertising dollars) versus C23 (Y, monthly revenue dollars), Please indicate Equation, Slope, Intercept, R^2 value, 95% confidence, and P-value using regression in Excel and scatter graph. Is it significant? DO I reject the

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 25EQ
icon
Related questions
Question

Interpret data visualization consisting of such tools as time series plots, box plots, and scatter charts using the following data sets. 

Scatter charts (X versus Y) – Analyze two different and distinct relationships: C22 (X, monthly advertising dollars) versus C23 (Y, monthly revenue dollars),

Please indicate Equation, Slope, Intercept, R^2 value, 95% confidence, and P-value using regression in Excel and scatter graph. Is it significant? DO I reject the hypothesis?

C22 C23
12000 101000
8000 92000
10000 110000
13000 120000
7000 90000
8000 82000
10000 93000
6000 75000
9000 91000
11000 105000
SUMMARY OUTPUT                
                 
Regression Statistics              
Multiple R 0.87544177              
R Square 0.766398293              
Adjusted R Square 0.737198079              
Standard Error 6837.15011              
Observations 10              
                 
ANOVA                
  df SS MS F Significance F      
Regression 1 1226927027.02703000 1226927027.02703000 26.24633 0.00090371      
Residual 8 373972972.97297300 46746621.62162160          
Total 9 1600900000.00000000            
                 
  Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 46486.48649 9884.566283 4.702936392 0.001536 23692.6358 69280.33721 23692.63576 69280.33721
Expert Solution
steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Knowledge Booster
Charts and Graphs for Data Visualization
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
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning