Statistics for Management and Economics (Book Only)
11th Edition
ISBN: 9781337296946
Author: Gerald Keller
Publisher: Cengage Learning
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Question
Chapter 17.2, Problem 23E
a:
To determine
ANOVA table.
b:
To determine
Testing the validity of the model.
c:
To determine
Testing the linearity.
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A finance manager employed by an automobile dealership believes that the number of cars sold in his local market can be predicted by the interest rate charged for a loan.
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3
10
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5
8
2
The finance manager performed a regression analysis of the number of cars sold and interest rates using the sample of data above. Shown below is a portion of the regression output.
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A finance manager employed by an automobile dealership believes that the number of cars sold in his local market can be predicted by the interest rate charged for a loan.
Interest Rate (%)
Number of Cars Sold (100s)
3
10
5
7
6
5
8
2
The finance manager performed a regression analysis of the number of cars sold and interest rates using the sample of data above. Shown below is a portion of the regression output.
Regression Statistics
Multiple R
0.998868
R2
0.997738
Coefficient
Intercept
14.88462
Interest Rate
-1.61538
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Chapter 17 Solutions
Statistics for Management and Economics (Book Only)
Ch. 17.2 - Prob. 1ECh. 17.2 - Prob. 2ECh. 17.2 - Prob. 3ECh. 17.2 - Prob. 4ECh. 17.2 - Prob. 5ECh. 17.2 - Prob. 6ECh. 17.2 - Prob. 7ECh. 17.2 - Prob. 8ECh. 17.2 - Prob. 9ECh. 17.2 - Prob. 10E
Ch. 17.2 - Prob. 11ECh. 17.2 - Prob. 12ECh. 17.2 - Prob. 13ECh. 17.2 - Prob. 14ECh. 17.2 - Prob. 15ECh. 17.2 - Prob. 16ECh. 17.2 - Prob. 17ECh. 17.2 - Prob. 18ECh. 17.2 - Prob. 19ECh. 17.2 - Prob. 20ECh. 17.2 - Prob. 21ECh. 17.2 - Prob. 22ECh. 17.2 - Prob. 23ECh. 17.2 - Prob. 24ECh. 17.3 - Prob. 25ECh. 17.3 - Prob. 26ECh. 17.3 - Prob. 27ECh. 17.3 - Prob. 28ECh. 17.3 - Prob. 29ECh. 17.3 - Prob. 30ECh. 17.3 - Prob. 31ECh. 17.3 - Prob. 32ECh. 17.3 - Prob. 33ECh. 17.3 - Prob. 34ECh. 17.3 - Prob. 35ECh. 17.3 - Prob. 36ECh. 17.3 - Prob. 37ECh. 17.3 - Prob. 38ECh. 17.3 - Prob. 39ECh. 17.3 - Prob. 40ECh. 17.3 - Prob. 41ECh. 17.3 - Prob. 42ECh. 17.3 - Prob. 43ECh. 17.3 - Prob. 44ECh. 17.3 - Prob. 45ECh. 17.3 - Prob. 46ECh. 17.4 - Prob. 47ECh. 17.4 - Prob. 48ECh. 17.4 - Prob. 49ECh. 17.4 - Prob. 50ECh. 17.4 - Prob. 51ECh. 17.4 - Prob. 52ECh. 17.4 - Prob. 53ECh. 17.4 - Prob. 54ECh. 17.4 - Prob. 55ECh. 17.4 - Prob. 56ECh. 17.4 - Prob. 57ECh. 17.A - Prob. 1ECh. 17.A - Prob. 2ECh. 17.A - Prob. 3ECh. 17.A - Prob. 4ECh. 17.A - Prob. 5ECh. 17.A - Prob. 6ECh. 17.A - Prob. 7ECh. 17.A - Prob. 8ECh. 17.A - Prob. 9ECh. 17.A - Prob. 10ECh. 17.A - Prob. 11ECh. 17.A - Prob. 12ECh. 17.A - Prob. 13ECh. 17.A - Prob. 14ECh. 17.A - Prob. 15ECh. 17.A - Prob. 16ECh. 17.A - Prob. 17ECh. 17.A - Prob. 18ECh. 17.A - Prob. 19ECh. 17.A - Prob. 20ECh. 17.A - Prob. 21ECh. 17.A - Prob. 22ECh. 17.A - Prob. 23ECh. 17.A - Prob. 24ECh. 17.A - Prob. 25ECh. 17.A - Prob. 26ECh. 17.A - Prob. 27ECh. 17.A - Prob. 28ECh. 17.A - Prob. 29ECh. 17.A - Prob. 30ECh. 17.A - Prob. 31ECh. 17.A - Prob. 32ECh. 17.A - Prob. 33ECh. 17.A - Prob. 34ECh. 17.A - Prob. 35ECh. 17.A - Prob. 36ECh. 17.A - Prob. 37ECh. 17.A - Prob. 38ECh. 17.A - Prob. 39ECh. 17.A - Prob. 40ECh. 17.A - Prob. 41ECh. 17.A - Prob. 42ECh. 17.A - Prob. 43ECh. 17 - Prob. 58CECh. 17 - Prob. 59CECh. 17 - Prob. 60CE
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