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    Model Summary: A. Predictors: (Constant), Shelfspace

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    Luna
    The marketing manager of a supermarket chain analyzed the effect of shelf space on weekly sales of pet food. A random sample of 10 stores was taken and a simple linear regression was calculated. The regression results showed that shelf space significantly predicted weekly sales, with approximately 54.3% of the variability in sales being explained by shelf space. The estimated linear regression equation for predicting weekly sales based on shelf space is: Weekly sales = 15.641 + 0.061 * Shelf space. Using this equation, weekly sales were estimated to be 29.671 for 230cm of shelf space and 30.891 for 250cm of shelf space.

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    Model Summary: A. Predictors: (Constant), Shelfspace

    Uploaded by

    Luna
    50 views3 pages
    The marketing manager of a supermarket chain analyzed the effect of shelf space on weekly sales of pet food. A random sample of 10 stores was taken and a simple linear regression was calculated. The regression results showed that shelf space significantly predicted weekly sales, with approximately 54.3% of the variability in sales being explained by shelf space. The estimated linear regression equation for predicting weekly sales based on shelf space is: Weekly sales = 15.641 + 0.061 * Shelf space. Using this equation, weekly sales were estimated to be 29.671 for 230cm of shelf space and 30.891 for 250cm of shelf space.

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    The marketing manager of a supermarket chain analyzed the effect of shelf space on weekly sales of pet food. A random sample of 10 stores was taken and a simple linear regression was calculated. The regression results showed that shelf space significantly predicted weekly sales, with approximately 54.3% of the variability in sales being explained by shelf space. The estimated linear regression equation for predicting weekly sales based on shelf space is: Weekly sales = 15.641 + 0.061 * Shelf space. Using this equation, weekly sales were estimated to be 29.671 for 230cm of shelf space and 30.891 for 250cm of shelf space.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views3 pages

    Model Summary: A. Predictors: (Constant), Shelfspace

    Uploaded by

    Luna
    The marketing manager of a supermarket chain analyzed the effect of shelf space on weekly sales of pet food. A random sample of 10 stores was taken and a simple linear regression was calculated. The regression results showed that shelf space significantly predicted weekly sales, with approximately 54.3% of the variability in sales being explained by shelf space. The estimated linear regression equation for predicting weekly sales based on shelf space is: Weekly sales = 15.641 + 0.061 * Shelf space. Using this equation, weekly sales were estimated to be 29.671 for 230cm of shelf space and 30.891 for 250cm of shelf space.

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    Manozo, Pamela L.

    BSA3-A

    The marketing manager of a supermarket chain would like to determine the effect of shelf space on the
    sales of pet food. A random sample of 10 stores was selected, and the results are presented
    below.

    Model Summary
    Adjusted R Std. Error of the
    Model R R Square Square Estimate
    1 .737a .543 .485 3.100

    a. Predictors: (Constant), ShelfSpace

    ANOVAa
    Model Sum of Squares df Mean Square F Sig.
    1 Regression 91.205 1 91.205 9.489 .015b
    Residual 76.895 8 9.612
    Total 168.100 9

    a. Dependent Variable: WeeklySales


    b. Predictors: (Constant), ShelfSpace

    Coefficientsa
    Standardized
    Unstandardized Coefficients Coefficients
    Model B Std. Error Beta t Sig.
    1 (Constant) 15.641 2.374 6.590 .000
    ShelfSpace .061 .020 .737 3.080 .015

    a. Dependent Variable: WeeklySales

    Determine the slope ANSWER: (1) and the y-intercept (0).


    a. (slope (1)= 15.641
    y(-intercept (0) = .061

    b. Formulate the estimated simple linear regressionequation.


    ANSWER:
    Weekly sales=( 15.641 + .061) X Shelf space

    c.
    _
    d. Using the estimated simple linear regression equation, estimate the weekly sales when the
    shelf space is 230cm? 250cm?
    ANSWER:
    Weekly sales = (15.641 + .061) X Shelf space
    = (15.641 + .061) X 230cm
    = 29.671
    Weekly sales = (15.641 + .061) X Shelf space
    = (15.641 + .061) X 250cm
    = 30.891

    e. Compute the coefficient of determination and interpret itsvalue. ANSWER:


    R-square = .543 or 54.30%
    Therefore, approximately 54.30% of the variability in sales can be explained by the self space.
    Itmeans that the estimated linear regression equation works well in determining the effect of
    shelf space on the sales of pet food.

    1. The owner of a small delivery services business wants toestimate how long delivery will take
    based on two (2) factors: the total distance of the trip in milesand the daily price of gas in Peso.
    To conduct the analysis, he takes a random sample of ten (10past trips and recorded the
    following information:

    Model Summary
    Adjusted R Std. Error of the
    Model R R Square Square Estimate
    1 .931a .866 .828 .3598

    a. Predictors: (Constant), GasPrice, MilesTraveled

    ANOVAa
    Model Sum of Squares df Mean Square F Sig.
    1 Regression 5.863 2 2.932 22.651 .001
    b

    Residual .906 7 .129


    Total 6.769 9

    a. Dependent Variable: TravelTime


    b. Predictors: (Constant), GasPrice, MilesTraveled
    Coefficientsa
    Standardized
    Unstandardized Coefficients Coefficients
    Model B Std. Error Beta t Sig.
    1 (Constant) 3.875 1.483 2.614 .035

    MilesTraveled .041 .006 .954 6.447 .000


    GasPrice -.005 .009 -.073 -.493 .637

    a. Dependent Variable: TravelTime

    a. Using MS Excel, determine the sample statistics (coefficients) and formulate the estimated
    multiple regression equation. ANSWER:
    Travel time = 3.875 + .041 X (miles travel) - .005 X (Gas Price)

    b. What is the estimated travel time if a trip travels 89 miles and consumes 184.73 pesos for
    gas?
    ANSWER:
    Travel time = 3.875 + .041 X (miles travel) - .005 X (Gas Price)
    = 3.875 + .041(89) - .005(P 184.73)
    = 6.60

    c. At a 5% alpha level, test and interpret the individual significance of the parameters.
    ANSWER:

    Nul hypothesis: There is no significant relationship between miles travel and gas price.
    Alternative hypothesis: There is a significant relationship between miles travel and gas price.
    P-value: .001
    Decision: Reject the null
    Since, the p value is less than the alpha level of .05. There is a significant relationship between
    miles travel and gas price.

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