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Unformatted text preview: diagram and to compute the least squares estimated regression equation and the coefficient of determination. Week Price Sales 1 .33 20 2 .25 14 3 .44 22 4 .40 21 5 .35 16 6 .39 19 7 .29 15 a) Using the above information, develop the least-squares estimated regression line. b) Compute the coefficient of determination. c) Perform an F test and determine whether or not there is a significant relationship between demand and unit price. Let = 0.05. d) Perform a t test to determine whether the slope is significantly different from zero. Let = 0.05. e) Would the demand ever reach zero? If yes, at what price would the demand be zero? Show your complete work....
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This note was uploaded on 03/27/2010 for the course FINANCE Ali taught by Professor Finance during the Spring '10 term at Abraham Baldwin Agricultural College.
- Spring '10