Shown below is a portion of a computer output for a regression analysis relating Y (dependent variable) and X (independent variable).
a.Perform a t test using the p-value approach and determine whether or not Y and X are related. Let = 0.05.
b.Using the p-value approach, perform an F test and determine whether or not X and Y are related.
c.Compute the coefficient of determination and fully interpret its meaning. Be very specific.
Definitions:
Inventory Shrinkage
The loss of products between purchase from the supplier and sale to the customer, often due to theft, damage, or errors in inventory management.
Theft
An act of stealing; unlawfully taking another's property without their consent.
Damage
The physical harm or impairment to property or goods, potentially leading to financial loss or liability.
Periodic Inventory System
A method of inventory valuation in which physical inventory counts are conducted at specific intervals to determine cost of goods sold and ending inventory levels.
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