A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true?
A) Payroll is a good predictor of Sales based on α = 0.05.
B) There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05.
C) Payroll is not a good predictor of Sales based on α = 0.01.
D) The coefficient of determination is equal to 0.833333.
E) Payroll is the independent variable.

Question

A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true?  
A) Payroll is a good predictor of Sales based on α = 0.05. 
B) There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05. 
C) Payroll is not a good predictor of Sales based on α = 0.01. 
D) The coefficient of determination is equal to 0.833333. 
E) Payroll is the independent variable.

Quizplus · Accepted Answer

The Answer of A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true?  
A) Payroll is a good predictor of Sales based on α = 0.05. 
B) There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05. 
C) Payroll is not a good predictor of Sales based on α = 0.01. 
D) The coefficient of determination is equal to 0.833333. 
E) Payroll is the independent variable.

A Prediction Equation for Sales and Payroll Was Performed Using