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Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s) and the following information was obtained. = 12 + 1.8x
N = 17
SSR = 225
SSE = 75
Sb1 = .2683
The t statistic for testing the significance of the slope is
Mid-1960s
A period in the 20th century characterized by significant social, political, and cultural changes, including the civil rights movement and the escalation of the Vietnam War.
Black Panthers
An African-American revolutionary party, founded in 1966, that advocated for the defense of African-American communities from state oppression and police brutality.
Capitalist System
An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit, guided by market forces.
Gulf of Tonkin
Refers to an incident in 1964 off the coast of Vietnam that led to the U.S. Congress passing the Gulf of Tonkin Resolution, escalating American involvement in the Vietnam War.
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