Question: What's the estimated value from the ANOVA regression given by the slopes in Table 4 for the change in sales in the Midwest if ads
What's the estimated value from the ANOVA regression given by the slopes in Table 4 for the change in sales in the Midwest if ads feature the small labor partition? What's the simple way to get this estimate?
| Term | Estimate | Std Error | t-statistic | p-value |
| Intercept | 308.80 | 56.97 | 5.42 | <.0001 |
| D(Northeast) | -68.80 | 80.57 | -0.85 | 0.3950 |
| D(South) | -12.20 | 80.57 | -0.15 | 0.8799 |
| D(Midwest) | -17.70 | 80.57 | -0.22 | 0.8265 |
| D(Sm Labor) | -106.90 | 80.57 | -1.33 | 0.1874 |
| D(Sm Parts) | 27.40 | 80.57 | 0.34 | 0.7345 |
| D(Northeast) D(Sm Labor) | 259.10 | 113.94 | 2.27 | 0.0249 |
| D(Northeast) D(Sm Parts) | -161.10 | 113.94 | -1.41 | 0.1603 |
| D(South) D(Sm Labor) | 475.90 | 113.94 | 4.18 | <.0001 |
| D(South) D(Sm Parts) | -211.70 | 113.94 | -1.86 | 0.0659 |
| D(Midwest) D(Sm Labor) | 182.10 | 113.94 | 1.60 | 0.1129 |
| D(Midwest) D(Sm Parts) | 328.30 | 113.94 | 2.88 | 0.0048 |
| AVERAGE(B2,B5,B6,B12) (Mean) | 91.58 | 83.01 | 1.37 | 0.38 |
| SUM(B2,B5,B6,B12) | 366.30 | 332.05 | 5.47 | 1.13 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help