Q1. Fill the blank with the appropriate statistical evidence (weak evidence, ver

Question

Q1. Fill the blank with the appropriate statistical evidence (weak evidence, very strong evidence, strong evidence, and no evidence) based on the correct p-value. therefore there is If the p-value takes on a value of less than 0.10 0.01 0.05 02. Discuss the predicting power of the model and its goodness of fit based on one of the following tables. The dependent variable is annual sales expressed in $1,000 and the independent variable is years of experience. ModelR R squareAdjusted R square Std. Error of the Estimate 0.970 0.960 4.160 Model mf squr1 170.0008 Sum o Mean square value 2272.0001 r96 01 0.000 Residual Total 21.250 2442.000

Explanation / Answer

Q1:

if the p-value is less than 0.10 then there is a Weak evidence

if the p-value is less than 0.01 then there is a very strong evidence

if the p-value is less than 0.05 then there is a strong evidence

Q2:

The correlation coefficient of the model is 0.965. It shows a strong correlation between the variables.

The r-square is 0.970. That is 97% of variation in dependent variable is explained by independent variable.

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