Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), E or e (used in scientific
Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker. Complex numbers should be in the form (a + bi) where "a" and "b" need to have explicitly stated values. For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not. The marketing manager of a large supermarket chain would like to determine the effect of shelf space (in feet) on the weekly sales of international food (in hundreds of dollars). A random sample of 12 equal sized stores is selected, with the following results: Store Shelf Space(X) Weekly Sales(Y) 1 10 2.0 2 10 2.6 3 10 1.8 4 15 2.3 5 15 2.8 6 15 3.0 7 20 2.7 8 20 3.1 9 20 3.2 10 25 3.0 11 25 3.3 12 25 3.5 Using the equation of the regression line for these data, predict the average weekly sales (in hundreds of dollars) of international food for stores with 13 feet of shelf space for international food. Place your answer, rounded to 3 decimal places , in the blank. Do not use a dollar sign. For example, 2.345 would be a legitimate entry
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started