Instruction 12-5
the Managing Partner of an Advertising Agency Believes

question 133

Short Answer

Instruction 12-5
The managing partner of an advertising agency believes that his company's sales are related to the industry sales.He uses Microsoft Excel's Data Analysis tool to analyse the last four years of quarterly data with the following results:
$\begin{array}{l}\text { Regression Statistics }\\\begin{array}{lll}\text { Multiple R } & 0.802 & \\\text { R Square } & 0.643 & \\\text { Adjusted R Square } & 0.618 & \\\text { Standard Error SYX } & 0.9224 \\\text { Observations } & 16\end{array}\end{array}$
ANOVA
$\begin{array}{lrcccc} & \text { If } & \text { SS } & \text { MS } & \text { F } & \text { Sig.F } \\\text { Regression } & 1 & 21.497 & 21.497 & 25.27 & 0.000 \\\text { Error } & 14 & 11.912 & 0.851 & & \\\text { Total } & 15 & 33.409 & & &\end{array}$

$\begin{array}{lllll} \text {Predictor }&\text {Coef }&\text { StdError}&\text {t Stat }&\text {P-value }\\\hline\text {Intercept }&3.962 & 1.440 & 2.75 & 0.016 \\\text { Industry}&0.040451 & 0.008048 & 5.03 & 0.000\\\end{array}$
-Referring to Instruction 12-5,the value of the quantity that the least squares regression line minimises is ________.

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Definitions:

Earth's Volume

The total three-dimensional space occupied by Earth, calculated to be around 1 trillion cubic kilometers.

Nonrenewable Resources

Resources that do not replenish at a sustainable rate compared to their consumption, including fossil fuels and minerals.

Asthenosphere

A highly viscous, mechanically weak region of the upper mantle beneath the Earth's lithosphere.

Erupting Volcano

A geological event where molten rock, ash, and gases escape from a crack in the Earth's surface.