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Consider the following scatterplot which shows the relationship between weekly customers and costs $40,000.00 y = 18x + 24600 R2 = 0.81 530,000.00 ' ___?
Consider the following scatterplot which shows the relationship between weekly customers and costs $40,000.00 y = 18x + 24600 R2 = 0.81 530,000.00 ' ___? ...... 605- '6'": $20,000.00 Costs $10,000.00 $0.00 0 200 400 600 Customers _- Standard Error 95% confidence interval 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 determination R2
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