A couple are hoping to open a specialty sports store in the new McArthur Glen Designer Outlet Mall. They want to predict the annual profit their store can expect to earn based on the square feet of the store space they may choose. The data from a random sample of 9 stores is:What is the independent (X) variable and the dependent (Y) variable?Predict the annual profit for a store that is 3,000 square feetConstruct a 98% confidence interval estimating the population slopedegrees of freedom DF=for 98% confidence level Tcrit =The margin of error ME=98% confidence interval Cl=What is the regression equation to predict annual profit

A couple are hoping to open a specialty sports store in the new McArthur Glen Designer Outlet Mall. They want to predict the annual profit their st expect to earn based on the square feet of the store space they may choose. The data from a random sample of 9 stores is: Store Size (100's of square feet) 10 12 16 19 22 26 35 42 Annual Profit (in $1,000's) 40 68 20 70 94 122 130 178 Below are the results of the linear regression to predict annual profit based on the store size: SUMMARY OUTPUT Regression Statistics Multiple R 0.91761 R Square 0.84201 Observations 9 Standard Upper Coefficients Error t Stat P-value Lower 95% 95% Intercept 5.575 17.058996 0.326809 0.753367 -34.763077 45.913157 X variable 3.607 0.590547 6.107897 0.000487 2.210580 5.003425