The linear model in Exercise 13 predicting Sales of frozen pizza (in kilograms) from Price ($ unit) has an R 2 of 32 9 and a slope of 24,369 5 a) Interpret the meaning of R 2 b) What is the correlation of Sales and Price c) If in one week the Price is $0 50 higher than in another, what is the predi...

a The R 2 value is given as 328 This means that 328 of th ...

The linear model in Exercise 13 predicting Sales of frozen pizza (in kilograms) from Price ($/unit) has

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The linear model in Exercise 13 predicting Sales of frozen pizza (in kilograms) from Price ($/unit) has an R² of 32.9% and a slope of -24,369.5.

a) Interpret the meaning of R².

b) What is the correlation of Sales and Price?

c) If in one week the Price is $0.50 higher than in another, what is the predicted difference in Sales?

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Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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Question Posted: Jun 24, 2019 10:37 AM

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The linear model in Exercise 13 predicting Sales of frozen pizza (in kilograms) from Price ($/unit) has

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a The R 2 value is given as 328 This means that 328 of th...View the full answer

Business Statistics

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