You may need to use the appropriate technology to answer this question. The following is part of the results of a regression analysis involving sales (y in millions of dollars), advertising expenditures (x, in thousands of dollars), and number of salespeople (x,) for a corporation. The regression was performed on a sample of 10 observations. ŷ= Constant x1 x₂ H₂: Coefficients -11.320 0.788 (a) Write the regression equation. 0.151 Standard Error 20.452 0.302 0.218 (b) Interpret the coefficients of the estimated regression equation found in part (a). (Give your answers in dollars.) As advertising increases by 1 unit ($1,000), sales are expected to increase by $ increase by $ when advertising is held constant. (c) At a = 0.05, test for the significance of the coefficient of advertising. State the null and alternative hypotheses. (Enter != for as needed.) Ho: when the number of salespeople is held constant. As the number of salespeople increases by 1, sales are expected to
You may need to use the appropriate technology to answer this question. The following is part of the results of a regression analysis involving sales (y in millions of dollars), advertising expenditures (x, in thousands of dollars), and number of salespeople (x,) for a corporation. The regression was performed on a sample of 10 observations. ŷ= Constant x1 x₂ H₂: Coefficients -11.320 0.788 (a) Write the regression equation. 0.151 Standard Error 20.452 0.302 0.218 (b) Interpret the coefficients of the estimated regression equation found in part (a). (Give your answers in dollars.) As advertising increases by 1 unit ($1,000), sales are expected to increase by $ increase by $ when advertising is held constant. (c) At a = 0.05, test for the significance of the coefficient of advertising. State the null and alternative hypotheses. (Enter != for as needed.) Ho: when the number of salespeople is held constant. As the number of salespeople increases by 1, sales are expected to
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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