Below You Are Given a Partial Computer Output Based on a Sample

question 103

Essay

Below you are given a partial computer output based on a sample of 12 observations relating the number of personal computers sold by a computer shop per month Y), unit price X1 in $1,000) and the number of advertising spots X2) they used on a local television station.
ANOVA
DF SS MS F Significance F
Regression 2 655.955
Residual 9
Total 838.917
a. At α = 0.05 level of significance, test to determine if the model is significant. That is, determine if there exists a significant relationship between the independent variables and the dependent variable.
b. Determine the multiple coefficient of determination.
c. Determine the adjusted multiple coefficient of determination.

---

Definitions:

Spending Variances

The difference between the actual costs incurred and the budgeted or standard costs.

Meals

Refers generally to food that is prepared and served to individuals, often used in contexts ranging from personal dining to large-scale service industries.

Patient-visits

The number of times patients seek services from a healthcare provider or facility.

Budgeting Formulas

Mathematical equations used to calculate budgetary allocations and financial planning in organizations.