Consider the following Excel regression of perceived sound quality as a function of price for 27 stereo

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Consider the following Excel regression of perceived sound quality as a function of price for 27 stereo speakers.

(a) Is the coefficient of Price significantly different from zero at Î± = .05?

(b) What does the R2 tell you?

Regression Statistics 0.01104 4.02545 27 R Square Standard Error Observations Coefficients Std Error P-value Lower 95% U

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Applied Statistics In Business And Economics

ISBN: 9780077837303

5th Edition

Authors: David Doane, Lori Seward

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Question Posted: Sep 15, 2017 12:15 PM

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Consider the following Excel regression of perceived sound quality as a function of price for 27 stereo

Question:

Regression Statistics 0.01104 4.02545 27 R Square Standard Error Observations Coefficients Std Error P-value Lower 95% Upper 95% t Stat Statistic 1.67814 52.731 0.00453 -0.528 85.0340 Intercept Price 88.4902 -0.00239 0.0000 91.9464 0.00693 0.6019 -0.01172

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a The regression output shows the pvalue on the Price coefficient is ...View the full answer

Applied Statistics In Business And Economics

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