Class Notes (836,274)
United States (324,416)
Boston College (3,565)
Economics (206)
ECON 1151 (16)
Lecture

Case Study 5 Questions.docx

1 Page
86 Views
Unlock Document

Department
Economics
Course
ECON 1151
Professor
Patrick Mc Gowan
Semester
Winter

Description
Chantz Delgado May 5 , 2011 Case Study #5 BC Athletics 1) According to the data, the significance is greater than .05, therefore you have to  reject the claim that there is a statistically significant relationship between sales  and advertising. 2) The 95% CI for sales means that alpha is .05. The T score here is 1.714. The  formula is y=211.536+.482t. t=. Y(hat) then equals 259.736. This turns out to be  259.736 +or­ 1.714(22.6)=298.4724 or 220.9996. All of this information means  that if you spend $100 million on advertising,
More Less

Related notes for ECON 1151

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit