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Consider the following regression output with Sunday circulation of newspapers as dependent variable and Daily circulation...

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Question

Basic Math

Consider the following regression output with Sunday circulationof newspapers as dependent variable and Daily circulation asindependent variable. Both Sunday and Daily circulation andmeasured in thousands of copies.

Dependent Variable: Sunday

Variable:

Intercept

Daily

Coefficient

24.763

1.351

Std. Error

46.99

0.09

t Stat

0.527

14.532

P-value

0.602

0.000

Given the output above choose whether the following statement isTRUE or FALSE.

Question 1
This regression is bad because we are only 39.8% confident that theintercept coefficient is not 0.

a: TRUE

b: FALSE

Question 2 ( it part 2 of the firstqueestion)
Consider again the regression output of Question 1. How muchconfidence do you have that Daily increase of two thousand copieswill result in Sunday increase of at least 2340 copies?

a: less than 50% confidence
b: at least 95% confidence but less than 99.7% confidence
c: at least 99.7% confidence

d: I do not have enough information to determine theconfidence.

Answer & Explanation Solved by verified expert
3.5 Ratings (453 Votes)
Consider the following regression output with Sunday circulation of newspapers as dependent variable and Daily circulation as independent variable Both Sunday and Daily circulation and measured in thousands of copies Dependent Variable Sunday    See Answer
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