Question

In: Statistics and Probability

Suppose the following data were collected from a sample of 5 car manufacturers relating monthly car...

Suppose the following data were collected from a sample of 5 car manufacturers relating monthly car sales to the number of dealerships and the quarter of the year. Use statistical software to find the following regression equation:

SALESi=b0+b1DEALERSHIPSi+b2QUARTER1i+b3QUARTER2i+b4QUARTER3i+ei

Is there enough evidence to support the claim that on average, car sales are higher in the 4th quarter than in the 3rd quarter at the 0.05 level of significance? If yes, write the regression equation in the spaces provided, rounded to two decimal places. Else, select "There is not enough evidence."

Car Sales
Monthly Sales Number of Dealerships 1st Quarter (1 if Jan.-Mar., 0 otherwise) 2nd Quarter (1 if Apr.-Jun., 0 otherwise) 3rd Quarter (1 if Jul.-Sep., 0 otherwise) 4th Quarter (1 if Oct.-Dec., 0 otherwise)
85401 4 1 0 0 0
101310 8 1 0 0 0
121366 12 1 0 0 0
133695 16 1 0 0 0
194582 20 1 0 0 0
82196 4 0 1 0 0
150452 8 0 1 0 0
242729 12 0 1 0 0
260330 16 0 1 0 0
273428 20 0 1 0 0
65448 4 0 0 1 0
101488 8 0 0 1 0
150143 12 0 0 1 0
165448 16 0 0 1 0
200437 20 0 0 1 0
98501 4 0 0 0 1
200387 8 0 0 0 1
250187 12 0 0 0 1
306530 16 0 0 0 1
389519 20 0 0 0 1

Selecting a checkbox will replace the entered answer value(s) with the checkbox value. If the checkbox is not selected, the entered answer is used.

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