Question: 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

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.

Degrees of Sum of Mean Source Freedom Squares Squares F p-Value Regression Error Total 96,655.1 48,327.6 0.6531 0.5302 22 1,627,941.1 73,997.3 24 1,724596.2

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a F STAT 06531 F U22521 344 Do not reject H 0 There is not enough evidence of a signific... View full answer

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