Please help me solve this question. I have attached screenshot of the problem.
Questions include:
a. Let x equal advertising expenditures and y equal revenue. Complete the estimated regression equation below
b. Test whether revenue and advertising expenditures are related at a 0.5 level of significance.
Compute the following (to 2 decimals).
Data on advertising expenditures and revenue in thousands of dollars) for the Four Seasons Restaurant follow.
Advertising Expenditures
Revenue
1
19
2
32
4
45
6
41
10
53
14
54
20
55
a. Let I equal advertising expenditures and y equal revenue. Complete the estimated regression equation below (to 2 decimals).
29.8
1.59
b. Test whether revenue and advertising expenditures are related at a .05 level of significance.
Compute the following (to 2 decimals).
SSE
SST
SSR
MSR
MSE
Compute the Ftest statistic (to 2 decimals).
What is the p-value?
– Select your answer. V
What is your conclusion?
– Select your answer –
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