Interpret the following: a. ? = â + ?ˆX; ? = 3.5 + 0.7X, where ? likelihood of buying a new car and
Question: Interpret the following:
a. ? = â + βˆX; ? = 3.5 + 0.7X, where ? likelihood of buying a new car and X total family income.
b. ? = â + βˆX; ? = 3.5 - 0.4X, where ? likelihood of buying tickets to a rock concert and X age.
c. The ANOVA summary table below is the result of a regression of sales on year of sales. Is the relationship statistically significant at .05? Comment.
Source of Variation Sum of Squares d.f. Mean Square F-Value
| Explained by regression Unexplained by regression |
605,370,750 1,551,381,712 |
1 8 |
605,370,750 3.12 193,922,714 | |
| Total error | 9 | |||
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Answer: The solution consists of 1 page
Solution Format: Word Document
Solution Format: Word Document
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