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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
Hours Worked
3,786
220
17.19
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.
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