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

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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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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