Styles Paragraph 51) The following regression equation was obtained using the fi

Question

Styles Paragraph 51) The following regression equation was obtained using the five independent variables The regression equation is sales =-19.7-0.00063 outlets + 1.74 cars + 0.410 income + 2.04 age 0.034 bosses Predictor Constant outlets Coef SE Coef 5.422 0.000629 0.002638 -3.63 -0.24 0.022 0.823 -19.672 ECO578 Fall 2017 cars income age bosses 1.7399 0.40994 2.0357 -0.0344 0.5530 0.04385 0.8779 0.1880 3.150.035 9.35 0.001 2.32 0.081 -0.180.864 s 1.507 R-Sg 99.4% R-Sq (adt) -98.7% = Analysis of variance MS 318.76 2.27 DF Source Regression Residual Erroz Total 140.36 0.000 1593.81 9.08 1602.89 Minitab Software)

Explanation / Answer

a) Sample Size will be = 9+1 =10

b) Estimated Regression equation will be

sales = -19.7-0.0063 * outlets+1.74 cars+0.410 income+2.04 age-0.034 bosses

c) Coefficient of b2 = 1.74

d) Coefficient of b0 = -19.7

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