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Num 2 Solution

There is insufficient evidence from the data to conclude that there is a statistically significant relationship between guitar sales and YouTube views. A linear regression was performed which resulted in an R-squared value of 0.5932 and a p-value of 0.07313954 which is greater than the standard alpha value of 0.05. Therefore, we fail to reject the null hypothesis that there is no relationship between the two variables based on this data.

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38 views7 pages

Num 2 Solution

There is insufficient evidence from the data to conclude that there is a statistically significant relationship between guitar sales and YouTube views. A linear regression was performed which resulted in an R-squared value of 0.5932 and a p-value of 0.07313954 which is greater than the standard alpha value of 0.05. Therefore, we fail to reject the null hypothesis that there is no relationship between the two variables based on this data.

Uploaded by

Zergaia WP
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Youtube Views Guitar Sales

30 8
Sc
40 11
16
70 12
14
60 10 f(x) = 0.1 x + 6.00000
12 R² = 0.593220338983
80 15
10

Guitar Sales
50 13
8
6
4
0.770207984237408
2
0
20 30 40 50 60
least square regression line= Guitar Sales= 6 +01 Youtube Views (1,000s)
YouTube Views
P Value> alpha
Accept the null hypothesis since p>alpha
Null Hypothesis: There is n

There is sufficient data to cocnlude that there is no statistically significant relationship between the guitar sales and
Scatter Plot
16
14
f(x) = 0.1 x + 6.00000000000001
12 R² = 0.593220338983051 SUMMARY OUTPUT
10
Guitar Sales

8 Guitar Sales
Linear (Guitar Sales) Regression Statistics
6
Multiple R
4
R Square
2
Adjusted R S
0
Standard Erro
20 30 40 50 60 70 80 90
Observations
YouTube Views

ANOVA

Regression
Residual
between the guitar sales and the YouTube views. Total

Intercept
Guitar Sales
RESIDUAL OUTPUT

Observation
1
2
3
4
5
6
MMARY OUTPUT

Regression Statistics
0.77020798
0.59322034
0.49152542
13.3403936
6

df SS MS F Significance F
1 1038.13559 1038.13559 5.83333333 0.07313954
4 711.864407 177.966102
5 1750

CoefficientsStandard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
-13.220339 28.7661624 -0.45957952 0.66968656 -93.0880098 66.6473318 -93.0880098
5.93220339 2.45616555 2.41522946 0.07313954 -0.88720543 12.7516122 -0.88720543
SIDUAL OUTPUT PROBABILITY OUTPUT

Predicted Youtube Views


ResidualsStandard Residuals Percentile Youtube Views
34.2372881 -4.23728814 -0.35511937 8.33333333 30
52.0338983 -12.0338983 -1.00853901 25 40
57.9661017 12.0338983 1.00853901 41.6666667 50
46.1016949 13.8983051 1.16479153 58.3333333 60
75.7627119 4.23728814 0.35511937 75 70
63.8983051 -13.8983051 -1.16479153 91.6666667 80
Guitar Sales Residual Plot
20
15
10
Guitar Sales Line Fit Plot
Residuals

5 100
0
80 Normal Probability Plot
Youtube Views

-5 7 8 9 10 11 12 13 14 15 16
-10 60 100 Youtube Views
-15 40 Predicted Youtube Views
80
Youtube Views

-20
20 60
0 Guitar Sales
40
7 8 9 10 11 12 13 14 15 16
20
Guitar Sales
0
0 10 20 30 40 50 60 70 80 90
Sample Percentile

Upper 95.0%
66.6473318
12.7516122
Plot
obability Plot
15 16
Youtube Views
Predicted Youtube Views

50 60 70 80 90 100
mple Percentile

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