Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s)...

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Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s)...

Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s) and the following information was obtained. = 12 + 1.8x n = 17 SSR = 225 SSE = 75 sb1= .2683 The point estimate of the population slope β1 is 1.8.

options: True or False

math Statistics-And-Probability

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Answer 1

Answer #1

We have given regression equation is,

Sample slope =1.8

Therefore, Sample slope = The point estimate of the population slope β1 is 1.8.

True

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Answer 2

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Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s)...

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