As the regional manager of a pizza franchise business, you are interested in und

Question

As the regional manager of a pizza franchise business, you are interested in understanding how income in a region affects pizza sales. Below is a regression output for pizza sales (in thousands of dollars) regressed on the average household income of an area (also in thousands of dollars) Linear Fit Pizza Sales 2.9047619 Income 14.577381 + Summary of Fit RSquare RSquare Adj Root Mean Square Error 3.108329 Mean of Response Observations (or Sum Wgts) Analysis of Variance 0.96832 0.96304 43.625 Sum of DF Source Model Error C. Total Parameter Estimates Term Intercept Income (S000) 2.9047619 0.214495 13.54 F 6 t 14.577381 2.410088 6.05 0.0009* What does the p-value for the income variable indicate? (Choose one) None of the above O The slope of the regression line is significantly different from zero The intercept of the regression line passes through the origin. OBoth i. and ii. are correct. The income of a region is not significant in explaining pizza sales.

Explanation / Answer

Here the P value is less than level of significance.

We reject the hypothesis . The slope of the regression line is significantly different from zero.  

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