How much of the variability in number of people attending

Assignment Help Basic Statistics

Reference no: EM13637248

Your friends are in a local band, and you help them promote upcoming concerts by passing out postcard-sized print ads. In the attached Excel spreadsheet are the approximate numbers of ads passed out each week last summer, along with the number of people that attended each concert.

a. Use regression analysis and show your printouts. What is the regression equation you obtained? Interpret each regression coefficient.

b. Is the regression coefficient significant at the 0.05 level? Explain.

c. How much of the variability in number of people attending the concerts can be explained by the number of ads passed out? How do you know this?

d. What are some other factors that might be included in a multiple regression model to explain the number of people that attend the concerts?

NO. OF ADS	ATTENDANCE
900	625
550	400
750	450
300	200
600	500
1000	650
400	375
325	350
675	400
200	200
500	500
150	125
500	300
700	550
600	400

Reference no: EM13637248

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