PRACTICAL#01

A)DESCRIPTIVE STATISTICS:
Descriptive Statistics

Minimu Maximu Std. Varianc

N Range m m Sum Mean Deviation e Skewness Kurtosis

Statisti Statisti Statisti Statisti Std. Statisti Statisti Std. Statisti Std.
c c Statistic Statistic c c Error Statistic c c Error c Error

Size 48 .23 .12 .35 9.80 .2042 .00820 .05679 .003 .955 .343 -.055 .674

Price 4.564E
48 863 223 1086 24004 500.08 30.837 213.643 1.010 .343 .071 .674
4

Valid N
48
(listwise)

B)SCATTER PLOT:

*COMMENTS:
It shows a linearly dependent relationship between the variables which
reflects that they are directly proportional to each other which means
that when the size of the product increases the price also increases.

C)REGRESSION EQUATION:
Variables Entered/Removedb

Model Variables Entered Variables Removed Method

1 sizea . Enter

a. All requested variables entered.

b. Dependent Variable: price

Model Summary

Std. Error of the

Model R R Square Adjusted R Square Estimate

1 .989a .978 .978 31.841

a. Predictors: (Constant), size

ANOVAb

Model Sum of Squares df Mean Square F Sig.

1 Regression 2098595.999 1 2098595.999 2.070E3 .000a

Residual 46635.667 46 1013.819

Total 2145231.667 47

a. Predictors: (Constant), size

b. Dependent Variable: price

 Coefficientsa

Standardized
Unstandardized Coefficients Coefficients Correlations

Model B Std. Error Beta t Sig. Zero-order Partial Part

1 (Constant) -259.626 17.319 -14.991 .000

Size 3721.025 81.786 .989 45.497 .000 .989 .989 .989

a. Dependent Variable: price

Y=-259.626+3721.025x
*COMMENTS:
The equation reflects the positive linear correlation between the
variables. If the value of x will be zero the minimum value of Y will be
259.66 and if x will increase by 3721 then Y will increase by 259units.

D)TESTING OF PARAMETERS OF
REGRESSION EQUATION:
*For α:
Ho
: a=0
: a≠0
H1

α: 0.05
>TEST STATISTIC:
Using The value of t-Test :
t=-14.991
> CRITICAL REGION:
If P-Value ≥α accept H o
>CALCULATIONS:
By the information in the given table we know that, P=0.000
>CONCLUSION:
Reject H o
*For β:
Ho : b=0
: b ≠0
H1

β: 0.05
>TEST STATISTIC:
Using The value of t-Test :
t=45.497
>CRITICAL REGION:
If P-Value ≥ β accept H o
>CALCULATIONS:
By the information in the given table we know that, P=0.000
>CONCLUSION:
Reject H o
E)COEFFICIENT OF
CORRELATION:
R=0.989
*COMMENTS:
As the value of R is approximately equals to 1 which shows the strongly
positive correlation between the variables.