Question: In Problem 13 3 on page 469 you predicted the mean

In Problem 13.3 on page 469, you predicted the mean annual revenue for U. S. metropolitan areas, based on the mean age (Age) and mean BizAnalyzer score (BizAnalyzer) for a sample of 25 small business metropolitan areas. The regression analysis resulted in the following ANOVA summary table:
a. Determine whether there is a significant relationship between mean annual revenue and the two independent variables at the 0.05 level of significance.
b. Interpret the meaning of the p value.
c. Compute the coefficient of multiple determination, r2, and interpret its meaning.

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  • CreatedJuly 16, 2015
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