Using excel Given the following data concerning weekly sale
* Using excel
Given the following data concerning weekly sales of large pizzas (Y) and weekly advertising expenditures(X)
X 150 100 250 180 210 100 120 180 170 160
Y 300 250 400 350 370 190 220 280 270 230
a) determine the regression equation.
b) Estimate Y when X-100
c) determine the coefficient of correlation r
d) determine the coefficient of determination r2
e) determine the standard error of estimate
Solution
a)
Regression Equation
Y = 80.1 + 1.271 X
b) When X=100,Y=80.1+(1.271*100)=207.2
c) the coefficient of correlation r=0.878
d) coefficient of determination=r2=0.7715
e) the standard error of estimate=68.8
