QUESTION 35
Alan Bissell, a market analyst for City Sound Online Mart, is analyzing sales from heavy metal song downloads. Alan's dependent variable is annual heavy metal song
download sales (in $1,000,000's), and his independent variables are website visitors (in 1,000's) and type of download format requested (0 = MP3, 1 = other).
Regression analysis of the data yielded the following tables.
Coefficients Standard Statistic p-value
Error
Intercept 1.7 0.384212 4.424638 0.00166
x1(website visitors) 0.04 0.014029 2.851146 0.019054
x2(download format) -1.5666667 0.20518 -7.63558 3.21E-05
Alan's population model is
$\hat{y} = \beta_0 + \beta_1 x_1 + \beta_2 x_2 + E$
y = 1.7 + 0.04 x1 + 1.5666667 x2
y = 1.7 + 0.04 x1 - 1.5666667 x2
y = 4.424638 + 2.851146 x1 - 7.63558 x2
y = 0.384212 + 0.014029 x1 + 0.20518 x2