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DR Ojoghor Class

The summary provides key information from a regression analysis conducted on data relating quantity, price, and income. The regression statistics show a multiple R of 0.75307 and R square of 0.567114, indicating a moderately strong correlation between the variables. The ANOVA table shows that the regression model is statistically significant (F=13.10078, p=0.004694). The coefficients table indicates price has a statistically significant positive relationship with quantity (t=3.619499, p=0.004694) based on the regression equation.

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Tolulope Fakunle
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51 views3 pages

DR Ojoghor Class

The summary provides key information from a regression analysis conducted on data relating quantity, price, and income. The regression statistics show a multiple R of 0.75307 and R square of 0.567114, indicating a moderately strong correlation between the variables. The ANOVA table shows that the regression model is statistically significant (F=13.10078, p=0.004694). The coefficients table indicates price has a statistically significant positive relationship with quantity (t=3.619499, p=0.004694) based on the regression equation.

Uploaded by

Tolulope Fakunle
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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quantity price income SUMMARY OUTPUT

69 9 3000
76 12 1000 Regression Statistics
52 6 2500 Multiple R 0.75307
56 10 6000 R Square 0.567114
57 9 1000 Adjusted R 0.523826
77 10 4000 Standard E 6.220932
58 7 12000 Observatio 12
55 8 500
67 12 1200 ANOVA
53 6 1800 df SS MS F
72 11 3500 Regression 1 507 507 13.10078
64 8 6000 Residual 10 387 38.7
Total 11 894

Coefficients
Standard Error t Stat P-value
Intercept 33.75 8.27836 4.076894 0.002225
x 3.25 0.897914 3.619499 0.004694

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.75307
R Square 0.567114
Adjusted R 0.523826
Standard E 6.220932
Observatio 12

ANOVA
df SS MS F Significance F
Regression 1 507 507 13.10078 0.004694
Residual 10 387 38.7
Total 11 894

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 33.75 8.27836 4.076894 0.002225 15.30466 52.19534 15.30466 52.19534
price 3.25 0.897914 3.619499 0.004694 1.249322 5.250678 1.249322 5.250678
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.762025
R Square 0.580681
Adjusted R 0.4875
Standard E 6.45386
Observatio 12

ANOVA
Significance F df SS MS F
0.004694 Regression 2 519.1292 259.5646 6.231698
Residual 9 374.8708 41.65231
Total 11 894

Lower 95%Upper 95%Lower 95.0%


Upper 95.0% Coefficients
Standard Error t Stat P-value
15.30466 52.19534 15.30466 52.19534 Intercept 31.31605 9.700671 3.228235 0.010352
1.249322 5.250678 1.249322 5.250678 price 3.388404 0.966198 3.506947 0.00665
income 0.000336 0.000622 0.539631 0.602545
Significance F
0.020019

Lower 95%Upper 95%Lower 95.0%


Upper 95.0%
9.371605 53.26049 9.371605 53.26049
1.202713 5.574095 1.202713 5.574095
-0.001071 0.001742 -0.001071 0.001742

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