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Observed No. of Newspaper Ads (X) Number of Bikes Sold (Y)

1) The document analyzes the relationship between number of newspaper ads (x) and number of bikes sold (y) based on data from 5 observations. 2) A linear regression model found a strong positive correlation between ads (x) and bikes sold (y), with y=10+5x providing the best fit. 3) The regression analysis produced statistically significant results, indicating the number of newspaper ads can reliably predict the number of bikes sold.

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Namit Baser
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18 views

Observed No. of Newspaper Ads (X) Number of Bikes Sold (Y)

1) The document analyzes the relationship between number of newspaper ads (x) and number of bikes sold (y) based on data from 5 observations. 2) A linear regression model found a strong positive correlation between ads (x) and bikes sold (y), with y=10+5x providing the best fit. 3) The regression analysis produced statistically significant results, indicating the number of newspaper ads can reliably predict the number of bikes sold.

Uploaded by

Namit Baser
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Observed

No. of
Number of bikes
Newspaper Estimated y=10+5x
sold(y)
Ads(x)

1 14 15
3 24 25
2 18 20
1 17 15
3 27 25
Residual

y-y (estimated)

-1
-1
-2
2
2
SUMMARY OUTPUT
X Variable 1 Residual Plot
Regression Statistics
3
Multiple R 0.936586 2

Residuals
R Square 0.877193 1
Adjusted R 0.836257 0
-1 0.5 1 1.5 2 2.5 3 3.5
Standard E 2.160247 -2
Observatio 5 -3
X Variable 1
ANOVA
df SS MS F Significance F
Regression 1 100 100 21.42857 0.018986 X Variable 1 Li
Residual 3 14 4.666667
30
Total 4 114
20
Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0% 10

Y
Intercept 10 2.366432 4.225771 0.024236 2.468958 17.53104 2.468958 17.53104
0
X Variable 5 1.080123 4.6291 0.018986 1.562565 8.437435 1.562565 8.437435 0.5 1 1.5 2 2
X Variable 1

RESIDUAL OUTPUT PROBABILITY OUTPUT

ObservationPredicted Y Residuals
Standard Residuals Percentile Y
1 15 -1 -0.534522 10 14
2 25 -1 -0.534522 30 17
3 20 -2 -1.069045 50 18
4 15 2 1.069045 70 24
5 25 2 1.069045 90 27
Plot Normal Probability Plot
30
20

Y
3 3.5 10
0
0 10 20 30 40 50 60 70 80 90 100
Sample Percentile

X Variable 1 Line Fit Plot


30
20 Y
10 Predicted Y
0
0.5 1 1.5 2 2.5 3 3.5
X Variable 1
Exper. Test Score Salary(000)
4 78 24 SUMMARY OUTPUT
7 100 43
1 86 23.7 Regression Statistics
5 82 34.3 Multiple R 0.943553
8 86 35.8 R Square 0.890293
10 84 38 Adjusted R 0.858948
0 75 22.2 Standard E 2.723352
1 80 23.1 Observatio 10
6 83 30
6 91 33 ANOVA
df
Regression 2
Residual 7
Total 9

Coefficients
Intercept -14.11919
Exper. 1.422645
Test Score 0.44971
SS MS F Significance F
421.3125 210.6562 28.40316 0.000437
51.91653 7.416647
473.229

Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%


Upper 95.0%
11.87042 -1.189443 0.273042 -42.18827 13.9499 -42.18827 13.9499
0.317693 4.478054 0.002873 0.671421 2.173869 0.671421 2.173869
0.148201 3.034461 0.018995 0.09927 0.800149 0.09927 0.800149

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