Answer the following questions based on the data from Problem 14.73. a. Calculate the slope and the

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Answer the following questions based on the data from Problem 14.73.

a. Calculate the slope and the y intercept for the regression equation.

b. Predict the order size of a 32 year old customer.

c. Provide an interpretation for the value of the slope.

d. Calculate the total sum of squares.

e. Partition the total sum of squares into the SSR and SSE.

f. Verify your results using Excel.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 29, 2015 03:20 AM

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Answer the following questions based on the data from Problem 14.73. a. Calculate the slope and the

Question:

Order Size ($) 54 30 Order Age 41 26 Age Size (S) 29 15 38 54 63

Step by Step Answer:

a b y 15126 10458 32 3498 c Because the slope is positi...View the full answer

Business Statistics

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