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# MTH 156-Data on advertising expenditures and revenue

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#### MTH 156-Data on advertising expenditures and revenue

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Question # 00588788

Subject: Mathematics / Statistics

Due on: 09/14/2017

Posted On: 09/14/2017 09:52 AM

Subject: Mathematics / Statistics

Due on: 09/14/2017

Posted On: 09/14/2017 09:52 AM

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Data on advertising expenditures and revenue (in thousands of dollars) for the Four Seasons Restaurant follow.

Advertising ExpendituresRevenue

1 19

2 33

4 44

6 41

10 52

14 53

20 54

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).

SSE

SST

SSR

MSR

MSE

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

Item 10

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