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Please use the attached file to create a scatter plot and answer the questions below Based on the scatterplot, is there a linear relationship between
Please use the attached file to create a scatter plot and answer the questions below
- Based on the scatterplot, is there a linear relationship between Motors Returned and Inspection Expenditures?
- Which variable is the dependent variable?
- Which variable is the independent variable
- What is the value of the regression coefficient? (Round to 3 decimals)
- What is the value of the y intercept? (Round to 3 decimals)
- The number of motors returned decreased by _____ for each additional $1000 spent on inspecting finished motor products. (Round to 4 decimals)
- What is the value of the coefficient of determiniation? (Round to one decimal and give in % form)
- Based on the value of the regression coefficient, is the model a good fit? Yes or No
- Approximately 68% of the predicitons will be within ____ of the actual sales value. (Round 3 decimals)
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