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Regression analysis: TV sales

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Market area TV sales Income$ Number of competitors
1 3200 42000 5
2 3350 46000 3
3 2800 35000 6
4 4000 51000 4
5 3600 47000 4
6 3500 48000 3
7 4200 58000 2
8 5000 65000 3
9 2500 33000 5
10 4100 52000 3
What is the R squared and F statistic.
Wtite the regression equation with the t statistics.

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Solution Summary

The solution provides step by step method for the calculation of regression analysis. Formula for the calculation and Interpretations of the results are also included.

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