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

question 98

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 $1000), and the number of advertising spots (x₂) they used on a local television station. $$\begin{array}{l}\text { ANOVA }\\\begin{array} { l l l l l l } & d f & \text { SS } & M S & F & \text { Significance } F \\\text { Regression } & 2 & 655.955 & & & \\\text { Residual } & 9 & & &\end{array}\end{array}$$ ​
a.
At α = .05, 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.

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Definitions:

Ticket Scalpers

Individuals who purchase tickets to events at face value and then sell them at a higher price, typically without authorization, aiming to profit from the high demand.

Consumers

Individuals or entities that purchase goods or services for personal use rather than for manufacturing or resale.

Substitute

A good or service that can be used in place of another, offering consumers a choice when making purchase decisions.

Input

Resources used in the production process of goods or services, including labor, materials, and capital.