Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a recent poll concerning sales and earnings, 15 companies responded with the following information. Earnings Company Sales ($ thousands) ($ thousands) JenStar 50.7 1.8

image text in transcribed
In a recent poll concerning sales and earnings, 15 companies responded with the following information. Earnings Company Sales ($ thousands) ($ thousands) JenStar 50.7 1.8 Biotech Co 87.3 1.5 Capital Consultants 27.9 ).7 Can Tech Supply 48.0 1.3 XYZ Co. 87.0 2.9 Spin Master Toys 102.4 3.2 Scatter Plot Earnings 20 40 60 100 Sales a) What are the dependent/ independent variables? O The dependent/independent variables are earnings/companies. O The dependent/independent variables are sales/earnings O The dependent/independent variables are companies/sales. O The dependent/independent variables are earnings/sales. b) Based on the scatter plot above, estimate the slope of the line. For full marks your answer should be accurate to at least two decimal places. Slope: 0 b) Based on the scatter plot above, estimate the y-intercept of the line. For full marks your answer should be accurate to at least one decimal place. Intercept: 0 d) From your findings in part b and c, determine the linear regression equation. y = 0 + 0x

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations A Maple™ Supplement

Authors: Robert P Gilbert, George C Hsiao, Robert J Ronkese

2nd Edition

1000402525, 9781000402520

More Books

Students also viewed these Mathematics questions

Question

What are the responsibilities of the position?

Answered: 1 week ago

Question

Cite the reasons employees join unions.

Answered: 1 week ago