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Regression analysis was applied between sales data (in $1000s) and advertising data (in $100s), and the following information was obtained. ŷ = 12 + 1.8x n = 17 SSR = 225 SSE = 75 Sb1 = 0.2683 Refer to Exhibit 14-3. Based on the above estimated regression equation, if advertising is $3,000, then the point estimate for sales (in dollars) is _____.

User Jaredwolff
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1 Answer

3 votes

Answer:

$66,000

Explanation:

The F statistic = 45

The t statistic = 6.709

User Domas Poliakas
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