video media consultant collected the following data on popular LED televisions sold through on-line retailers. a. Does

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video media consultant collected the following data on popular LED televisions sold through on-line retailers.

Manufacturer Screen Price Manufacturer Screen Price Sharp 46 736.50 Sharp 37 657.25 1150.00 Samsung 52 Sharp 32 426.75 S


a. Does there appear to be a linear relationship between the screen size and the price?
b. Which variable is the €œdependent€ variable?
c. Using statistical software, determine the regression equation. Interpret the value of the slope in the regression equation.
d. Include the manufacturer in a multiple linear regression analysis using a €œdummy€ variable. Does it appear that some manufacturers can command a premium price?
e. Test each of the individual coefficients to see if they are significant.
f. Make a plot of the residuals and comment on whether they appear to follow a normal distribution.
g. Plot the residuals versus the fitted values. Do they seem to have the same amount of variation?

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Related Book For  book-img-for-question

Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

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