Question: I need step by step solution for this problem. No excel Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may

I need step by step solution for this problem. No excel
Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of
television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in
the following table:
This exercise contains only parts b,c, and d.
b) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places):
Y=
sales (round your response to two
c) The estimate for guitar sales if Maroon 5 performed on TV 11 times =
decimal places).
d) The correlation coefficient (r) for this model =
(round your response to four decimal places).
The coefficient of determination (r2) for this model =
(round your response to four decimal places).
The percentage of variation in sales that can be explained by TV appearances =
%(round your response to
two decimal places).
 I need step by step solution for this problem. No excel

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!