Shown Below Is a Portion of a Computer Output for a Regression

question 16

Essay

Shown below is a portion of a computer output for a regression analysis relating Y (demand)and X (unit price).

a.Perform a t test and determine whether or not demand and unit price are related.Let $\alpha$ = 0.05.
b.Perform an F test and determine whether or not demand and unit price are related.Let $\alpha$ = 0.05.
c.Compute the coefficient of determination and fully interpret its meaning.Be very specific.
d.Compute the coefficient of correlation and explain the relationship between demand and unit price.

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