TABLE 13-5 The managing partner of an advertising agency believes that his compa
ID: 388571 • Letter: T
Question
TABLE 13-5 The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses Microsoft Excel’s Data Analysis tool to analyze the last 4 years of quarterly data (i.e., n = 16) with the following results: Regression Statistics Multiple R 0.802 R Square 0.643 Adjusted R Square 0.618 Standard Error SYX 0.9224 Observations 16 ANOVA df SS MS F Sig.F Regression 1 21.497 21.497 25.27 0.000 Error 14 11.912 0.851 Total 15 33.409 Predictor Coef StdError tStat P-value Intercept 3.962 1.440 2.75 0.0016 Industry 0.040451 0.008048 5.03 0.000 Durbin-Watson Statistic 1.59 Referring to Table 13-5, the estimates of the Y-intercept and slope are significant at the ________. Question 6 options: .05 level .01 level .10 level All of the above.
Explanation / Answer
P-value for Intercept is 0.0016
and for Slope (for Industry) is 0.000
both of these values are less than all of these value, i.e. 0,05, 0.01 and 0.10
Therefore, we can conclude that
The estimates of Y-intercept and slope are significant at the All of the above
ANSWER: All of the above
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