Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow.
Let x equal advertising expenditures and y equal revenue. Complete the estimated regression equation below (to 2 decimals).
? = + x
Compute the following (to 1 decimal).
Test whether revenue and advertising expenditures are related at a .05 level of significance.
Compute the F test statistic (to 2 decimals).
What is the p-value?
Select less than .01between .01 and .025between .025 and .05between .05 and .10greater than .10
What is your conclusion?
Select Conclude revenue is related to advertising expenditure Cannot conclude revenue is related to advertising expenditure