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Consider the following scatterplot which shows the relationship between weekly customers and costs Coefficients Standard Error P-value 95% confidence interval Intercept 24,600 Not required Not
Consider the following scatterplot which shows the relationship between weekly customers and costs
Coefficients | Standard Error | P-value | 95% confidence interval | |
Intercept | 24,600 | Not required | Not required | Not required |
costs | 18 | 2 | 1.8e-08 | Between 14 and 22 |
a) Describe the relationship between the two variables
b) Explain why there is strong evidence of a relationship between the variables
c) Interpret the coefficient of determinationR2
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