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Shown below is computer ouput for a regression analysis relating Y (demand in units) and X (unit price).
ANOVA
Df
SS
Regression
1
5048.818
Residual
46
3132.661
Total
47
8181.479
Coefficients
St. Error
t-stat
Intercept
80.39
3.102
X
-2.137
0.248
_______ ???
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 Shown below is computer ouput for a regression analysis relating Y (demand in units) and X (unit price).
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