100%(24)24 out of 24 people found this document helpful
This preview shows page 1 - 4 out of 9 pages.
09/11/2019BUSI 1013Emily ThompsonUnit Exercise #101.The following output was obtained from a regression analysis of the dependent variable Rating and an independent variable Price. (10 points)ANOVAdfSSMSFRegression1372.707372.70742.927Residual15130.2348.682Total16502.941CoefficientsStandard Errort StatP-valueIntercept45.6233.63012.5690.000Price0.1070.0166.5520.000a.Use the critical value approach to perform an F test for the significanceof the linear relationship between Rating and Price at the 0.05 level of significance.
09/11/2019BUSI 1013Emily Thompsonb.Calculate the coefficient of determination.c.What percentage of the variability of Rating can be explained by its linear relationship with Price? What is the sample correlation coefficient?d.What is the estimated regression equation?e.Use the p-value approach to perform a t test for the significance of thelinear relationship between Price and Rating at the 0.05 level of significance.