Important predictor of amount of sales

Assignment Help Basic Statistics

Reference no: EM1315321

Q1)

Hours Worked and Amount of Sales (in dollars)
Regression Statistics
Multiple R	0.9709
R²	0.9426
Adjusted R²	0.9394		F test results
Standard Error	1,889		F value	Signif. F
Observations	20		295.51	0

	Coefficients	Std Error	t Stat	P-value
Intercept	62,695	1,325	47.31	0
Hours Worked	3,786	220	17.19	0

Which of the following statements are true based on statistical output featured above?

a) Hours worked is important predictor of amount of sales.

b) About 94% of amount of sales can be described by hours worked.

c) Intercept is not important predictor of hours worked.

d) Both a and b are true.

e) Neither a, b, or c are true.

Reference no: EM1315321

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