Shown below is a portion of a computer output for a regressi…

Shown below is a portion of a computer output for a regression analysis relating y (demand) and x (unit price).ANOVA   dfSSRegression  15048.818Residual463132.661Total478181.479    CoefficientsStandard ErrorIntercept80.3903.102x –2.1370.248​a.Perform a t test and determine whether demand and unit price are related. Let α = 0.05.b.Perform an F test and determine whether demand and unit price are related. Let α = 0.05.c.Compute the coefficient of determination and fully interpret its meaning. d.Compute the correlation coefficient and explain the relationship between demand and unit price.​

Shown below is a portion of a computer output for a regressi…

Shown below is a portion of a computer output for a regression analysis relating Y (dependent variable) and X (independent variable).ANOVA   dfSSRegression  1115.064Residual13  82.936Total      CoefficientsStandard ErrorIntercept15.5321.457x –1.1060.261​a.Perform a t test using the p-value approach and determine whether x and y are related. Let α = 0.05.b.Using the p-value approach, perform an F test and determine whether x and y are related.c.Compute the coefficient of determination and fully interpret its meaning. ​

The price of a particular brand of jeans has a mean of $37.9…

The price of a particular brand of jeans has a mean of $37.99 and a standard deviation of $7. A sample of 49 pairs of jeans is selected. Use Excel to answer the following questions:a.What is the probability that the sample of jeans will have a mean price less than $40?b.What is the probability that the sample of jeans will have a mean price between $38 and $39?c.What is the probability that the sample of jeans will have a mean price within $3 of the population mean? ​

Given below are seven observations collected in a regression…

Given below are seven observations collected in a regression study on two variables, x (independent variable) and y (dependent variable). xy  212  39  68  77  86  75  92 ​a.Develop the least squares estimated regression equation.b.At 95% confidence, perform a t test and determine whether the slope is significantly different from zero. c.Perform an F test to determine whether the model is significant. Let α = 0.05.d.Compute the coefficient of determination.​

In order to estimate the difference between the yearly incom…

In order to estimate the difference between the yearly incomes of marketing managers in the East and West of the United States, the following information was gathered: EastWest n1 = 40n2 = 45  = 72 (in $1000s) = 78 (in $1000s) s1 = 6 (in $1000s)s2 = 8 (in $1000s)​a.Develop an interval estimate for the difference between the average yearly incomes of the marketing managers in the East and West. Use α = 0.05. b.At 95% confidence, use the p-value approach and test to determine if the average yearly income of marketing managers in the East is significantly different from the West. ​