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Lecture

# Case Study 5 Questions.docx

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School
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,
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