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I am having a difficult time understanding the following. Please provide detailed explanations for me to follow. Studies have shown that the frequency with which
I am having a difficult time understanding the following. Please provide detailed explanations for me to follow.
Studies have shown that the frequency with which shoppers browse Internet retailers is related to the frequency with which they actually purchase products and/or services online. The following data show respondents age and answer to the question "How many minutes do you browse online retailers per year?"
Read directly from the chart: a) Intercept = b) Slope = c) R2 = Perform Data > Data Analysis :3 Regression. Highlight the Y-intercept with yellow. Highlight the X variable in blue. Highlight the R Square in orange Use Data > Data Analysis > Correlation to compute the correlation checking the Labels checkbox. Use the Excel function =CORREL to compute the correlation. If answers for #'l and 2 do not agree, there is an error. The strength of the correlation motivates further examination. a) Insert Scatter (X, Y) plot linked to the data on this sheet with Age on the horizontal (X) axis. b) Add to your chart: the chart name, vertical axis label, and horizontal axis label. c) Complete the chart by adding Trendline and checking boxes ~/ Display Equation on chart J Display B-squared value on chartStep by Step Solution
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