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TABLE 12-11
A computer software developer would like to use the number of downloads (in thousands) for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars) he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:
-Referring to Table 12-11, what is the value of the test statistic for testing whether there is a linear relationship between revenue and the number of downloads?
Equilibrium Quantity
The quantity of goods or services supplied is equal to the quantity demanded at the market price.
Equilibrium Price
The price at which the quantity demanded by consumers equals the quantity supplied by producers, resulting in market stability.
Tax Revenues
The financial resources that are accumulated by governments as a result of taxation.
Producer Surplus
The discrepancy between the price at which sellers are prepared to offer a product and the actual price they end up getting.
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