Question: The following problem information is to be used for problems 5 through 11. Suppose that a company was trying to relate the number of units

The following problem information is to be used for problems 5 through 11. Suppose that a company was trying to relate the number of units ordered to the offered price of the product. The computer printout provided the following equation: Number of Units - 1000 - 20 Price Additionally, the printout gave the following information about the Price coefficient, the R-square value and the Standad Error of the Regression PREDICTOR COEE SE COEE T Price 20 2.04 .015 550 R.Sq80 What percent of the variation in NUMBER OF UNITS can be associated with the PRICE being oflered? 2 20 80 1.52 pts Question 6 What is the nature of the relationship (note the sign of the slope)? Positive O Negative 1.52 pts Question 7 If the price were to increase $1. what would be the anticipated change in Number of Units Ordered? 0 - 20 86.32 1.52 pts Question 8 Given the panera model of you on the rol hypothesis would be . Brs D Question 9 1.52 pts Given the p value of 015, what would be the conclusion to the test? Accept Ha: I am at least 95% sure that 1 0 O Accept Halam at least 05% sure that B10 Accept Ho. Ten slut 959 sure that Do - 1000 Question 10 1.52 pts What would be the predicted number of units order the price was so 0.400 200 Question 11 1.52 pts What would be contacter Thesion will not dan 2000 10700 The following problem information is to be used for problems 5 through 11. Suppose that a company was trying to relate the number of units ordered to the offered price of the product. The computer printout provided the following equation: Number of Units - 1000 - 20 Price Additionally, the printout gave the following information about the Price coefficient, the R-square value and the Standad Error of the Regression PREDICTOR COEE SE COEE T Price 20 2.04 .015 550 R.Sq80 What percent of the variation in NUMBER OF UNITS can be associated with the PRICE being oflered? 2 20 80 1.52 pts Question 6 What is the nature of the relationship (note the sign of the slope)? Positive O Negative 1.52 pts Question 7 If the price were to increase $1. what would be the anticipated change in Number of Units Ordered? 0 - 20 86.32 1.52 pts Question 8 Given the panera model of you on the rol hypothesis would be . Brs D Question 9 1.52 pts Given the p value of 015, what would be the conclusion to the test? Accept Ha: I am at least 95% sure that 1 0 O Accept Halam at least 05% sure that B10 Accept Ho. Ten slut 959 sure that Do - 1000 Question 10 1.52 pts What would be the predicted number of units order the price was so 0.400 200 Question 11 1.52 pts What would be contacter Thesion will not dan 2000 10700

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