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A prediction equation for sales and payroll was performed using simple linear regression. In the ...

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A prediction equation for sales and payroll was performed using simple linear regression. In the ...

A prediction equation for sales and payroll was performed using simple linear regression. In the regression printout shown below, which of the following statements is/are not true?

A) Payroll is a good predictor of Sales based on α = 0.05.
B) There is evidence of a positive linear relationship between Sales and Payroll based on α = 0.05.
C) Payroll is not a good predictor of Sales based on α = 0.01.
D) The coefficient of determination is equal to 0.833333.
E) Payroll is the independent variable.

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Quantitative Analysis for Management

Edition: 12^th

Authors: Render, Stair, Hanna, Hale

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