Regression Statistics               Multiple R 0.971               R-Square A               Adjusted R-Square .942               Standard Error 30.462               Observations 51                                 ANOVA                   df SS MS F Significance F       Regression C 747851.57 373925.79 402.98 9.89E-31       Residual 48 D 927.91           Total 50 792391.11                                 Coefficients Standard Error t Stat P-value Lower 95% Upper 95%     Intercept E 62.13 26.79 1.60E-30 1539.66 1789.51     Price of Roses −6.68 F −1.41 1.64E-01 −16.16 2.81     Disposable Income (M) 9.73 0.34 G 1.23E-31 9.04 10.42                                       Use the Regression sheet above to compute R- Square and choose the best answer.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Related questions
Question

 

Regression Statistics

 

 

 

 

 

 

 

Multiple R

0.971

 

 

 

 

 

 

 

R-Square

A

 

 

 

 

 

 

 

Adjusted R-Square

.942

 

 

 

 

 

 

 

Standard Error

30.462

 

 

 

 

 

 

 

Observations

51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANOVA

 

 

 

 

 

 

 

 

 

df

SS

MS

F

Significance F

 

 

 

Regression

C

747851.57

373925.79

402.98

9.89E-31

 

 

 

Residual

48

D

927.91

 

 

 

 

 

Total

50

792391.11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

 

 

Intercept

E

62.13

26.79

1.60E-30

1539.66

1789.51

 

 

Price of Roses

−6.68

F

−1.41

1.64E-01

−16.16

2.81

 

 

Disposable Income (M)

9.73

0.34

G

1.23E-31

9.04

10.42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Use the Regression sheet above to compute R- Square and choose the best answer.

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