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Jorge used data he gathered to run a regression analysis for his delivery firms revenue. The results of this analysis are as follows: Intercept 39.08959
Jorge used data he gathered to run a regression analysis for his delivery firms revenue. The results of this analysis are as follows:
Intercept 39.08959
X coefficient 19.4874
R square .971519
1. Determine the revenue equation using the linear regression output.
2. What is Jorge's estimated revenue per month if he makes 35 deliveries?
3. What is Jorge's estimated revenue per month if he makes 45 deliveries?
4. Evaluate the strength of the regression analysis.
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