Regression Analysis ??0.762 R 0.873 Std. Error 11.547Dep. Var. Sales ANOVA Sourc

Question

Regression Analysis ??0.762 R 0.873 Std. Error 11.547Dep. Var. Sales ANOVA Source MS -value 0103 Regression 2,133.3333 Residua 666.6667 Total 2,800.0000 1 2,133.3333 16.00 5 133.3333 Confidence interval 95%lower 95% ession output Variables Coefficients Intercept63.3333 std. error 7.9682 6.6667 1.6667 t (df-5) p-value oper 7.948 .0005 42.8505 83.8162 4.000 .0103 Advertising A local grocery store wants to predict its daily sales in dollars. The manager believes that the amount of newspaper advertising significantly affects sales. He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars) and advertising expenditures (in thousands of dollars). The Excel/MegaStat output given above summarizes the results of the regression model. What is the value of the simple coefficient of determination?

Explanation / Answer

The value of Simple Coefficient of determination is given as 0.762

Check the top value given as r^2

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