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An express delivery service company recently conducted a study to investigate the relationship between the cost of shipping a package ( Y ), the package
An express delivery service company recently conducted a study to investigate the relationship between the cost of shipping a package (Y), the package weight, and the distance shipped. Twenty packages were randomly selected from among the large number received for shipment, and a detailed analysis of the shipping cost was conducted for each package. The data is attached in the data file below:
Estimate a simple linear regression model involving shipping cost and distance shipped. Interpret the regression coefficient for distance shipped.