Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 3 The management of a supermarket was interested to examine the relationship between the number of product promotion time per day on the PA

QUESTION 3 The management of a supermarket was interested to examine the relationship between the number of product promotion time per day on the PA system and the number of daily units sold for the product. The following table gives the number of product promotion time for 7 days and the number of units sold.

Number of product promotion time per day Number of units sold per day
15 11
22 22
42 30
30 26
18 17
12 15
38 23

a) Calculate the Pearson's product moment correlation coefficient and interpret its value obtained. (5 marks) b) Find the equation of the regression line that best fits the data. Interpret the meaning of slope obtained. (5 marks)

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

Calculus

Authors: Jon Rogawski, Colin Adams, Robert Franzosa

4th Edition

1319055842, 9781319055844

More Books

Students also viewed these Mathematics questions

Question

=+c) Why did the researcher remove the Rent Index from the model?

Answered: 1 week ago