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Mathematics, 24.08.2020 01:01 carterh166

Consider the following Excel regression of perceived sound quality as a function of price for 27 stereo speakers. Regression Statistics R Square0.01104 Standard Error4.02545 Observations27 StatisticCoefficientsStd Error t Stat P-valueLower 95%Upper 95% Intercept88.49021.6781452.7310.0000 85.0340 91.9464 Price–0.002390.00453–0.5280.6019–0. 01172 0.00693 Picture Click here for the Excel Data File(a)Is the coefficient of Price significantly different from zero at α = .05?YesNo(b)Calculate the correlation coefficient. At α = .05, does the correlation differ from zero? (Negative values should be indicated by a minus sign. Round your answers to 3 decimal places.) r tcalc t.025± Since tcalc (Click to select)>< t.025, we (Click to select)rejectfail to reject the hypothesis of no correlation.(c)Given these results, is the difference in quality associated with a higher price likely to be apparent to an average listener?YesNo

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Consider the following Excel regression of perceived sound quality as a function of price for 27 ste...
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